Thompson Davis & CO. Inc. Buys 1,240 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Thompson Davis & CO. Inc. increased its stake in Oracle Corporation by 47.0%, acquiring an additional 1,240 shares, bringing its total to 3,881 shares valued at approximately $543,000.
• Oracle reported Q1 earnings of $1.70 per share, surpassing analyst estimates of $1.64, with a revenue of $15.90 billion, up 11.3% year-over-year.
• Several analysts have raised their price targets for Oracle shares, with Deutsche Bank setting a new target of $240.00, reflecting a generally positive outlook for the stock.

Thompson Davis & CO. Inc. grew its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 47.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,881 shares of the enterprise software provider's stock after purchasing an additional 1,240 shares during the quarter. Thompson Davis & CO. Inc.'s holdings in Oracle were worth $543,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the period. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle in the fourth quarter valued at $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 0.3%

NYSE ORCL opened at $244.89 on Friday. The stock has a 50-day moving average of $229.06 and a 200-day moving average of $179.81. The firm has a market cap of $687.86 billion, a PE ratio of 56.43, a price-to-earnings-growth ratio of 3.64 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's dividend payout ratio is 46.08%.

Analysts Set New Price Targets

Several analysts have issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim lifted their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. 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 report on Friday, June 13th. Finally, Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $222.75.

Insider Activity

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company'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 value of $3,211,500.00. Following the transaction, the insider 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. In the last three months, insiders have sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

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.

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