Stratos Investment Management LLC Acquires 3,319 Shares of Oracle Corporation (NYSE:ORCL)

Stratos Investment Management LLC lifted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 55.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,330 shares of the enterprise software provider's stock after buying an additional 3,319 shares during the period. Stratos Investment Management LLC's holdings in Oracle were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ORCL. Vanguard Group Inc. lifted its stake in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. FMR LLC lifted its stake in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC lifted its stake in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. Franklin Resources Inc. lifted its stake in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Cowen reiterated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. TD Cowen upped their price target on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, KeyCorp upped their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Oracle Trading Down 1.9%

Oracle stock traded down $4.55 during trading hours on Friday, reaching $230.45. 9,818,213 shares of the company's stock were exchanged, compared to its average volume of 10,238,938. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm's 50 day simple moving average is $185.56 and its 200 day simple moving average is $166.09. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The firm has a market capitalization of $647.29 billion, a PE ratio of 53.10, a PEG ratio of 3.53 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $1.63 EPS. The business's revenue was up 11.3% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by insiders.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.