Telos Capital Management Inc. Increases Position in Oracle Corporation (NYSE:ORCL)

Telos Capital Management Inc. grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,921 shares of the enterprise software provider's stock after acquiring an additional 1,735 shares during the quarter. Telos Capital Management Inc.'s holdings in Oracle were worth $7,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Greenwood Gearhart Inc. grew its stake in shares of 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 last quarter. WorthPointe LLC boosted its stake in shares of 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 during the last quarter. Stage Harbor Financial LLC boosted its stake in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after buying an additional 68 shares during the last quarter. J. L. Bainbridge & Co. Inc. boosted its stake in shares of Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock worth $226,000 after buying an additional 70 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its stake in shares of Oracle by 0.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after buying an additional 70 shares during the last quarter. 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 the business's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 450,366 shares of company stock valued at $85,433,503 over the last ninety days. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. UBS Group set a $250.00 target price on Oracle and gave the company a "buy" rating in a research report on Wednesday, June 25th. CIBC reiterated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Guggenheim lifted their target price on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Finally, Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Oracle Price Performance

Shares of ORCL stock traded down $0.73 during trading hours on Thursday, hitting $235.08. The stock had a trading volume of 11,470,190 shares, compared to its average volume of 10,239,208. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's 50-day moving average price is $183.77 and its two-hundred day moving average price is $165.63. The stock has a market capitalization of $660.30 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 3.53 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.85%. Oracle's payout ratio is currently 46.08%.

About Oracle

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.