Trifecta Capital Advisors LLC Acquires 24,031 Shares of Oracle Corporation (NYSE:ORCL)

Trifecta Capital Advisors LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 23,559.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,133 shares of the enterprise software provider's stock after acquiring an additional 24,031 shares during the quarter. Trifecta Capital Advisors LLC's holdings in Oracle were worth $3,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC acquired a new position in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter valued at $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Oracle during the 4th quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Up 1.2%

Shares of ORCL opened at $210.63 on Thursday. The firm has a market cap of $589.13 billion, a P/E ratio of 48.53, a P/E/G ratio of 3.12 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. The stock has a 50 day simple moving average of $157.39 and a two-hundred day simple moving average of $161.16.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 annualized dividend and a dividend yield of 0.95%. Oracle's payout ratio is presently 46.08%.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada lifted their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Stephens assumed coverage on Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $196.74.

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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