Summit Trail Advisors LLC Boosts Stake in Oracle Corporation (NYSE:ORCL)

Summit Trail Advisors LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,567 shares of the enterprise software provider's stock after acquiring an additional 5,395 shares during the period. Summit Trail Advisors LLC's holdings in Oracle were worth $4,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Cookson Peirce & Co. Inc. lifted its holdings in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. Greenwood Gearhart Inc. boosted its holdings in Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the period. WorthPointe LLC increased its stake in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares in the last quarter. Stage Harbor Financial LLC raised its holdings in Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after acquiring an additional 68 shares during the period. Finally, J. L. Bainbridge & Co. Inc. raised its holdings in Oracle by 5.5% during the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on 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 completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on ORCL. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. UBS Group set a $250.00 target price on shares of Oracle and gave the company a "buy" rating in a research note on Wednesday, June 25th. Barclays reiterated an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Mizuho cut their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $200.26.

Oracle Trading Up 0.2%

Shares of ORCL stock traded up $0.49 on Tuesday, reaching $219.12. 16,696,813 shares of the company's stock were exchanged, compared to its average volume of 10,001,534. The company's fifty day simple moving average is $170.34 and its 200 day simple moving average is $162.47. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $228.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $615.47 billion, a PE ratio of 50.49, a P/E/G ratio of 3.15 and a beta of 1.32.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Oracle's dividend payout ratio is currently 46.08%.

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.