Trinity Financial Advisors LLC Invests $270,000 in Oracle Corporation $ORCL

Key Points

• Trinity Financial Advisors LLC invested $270,000 in Oracle Corporation, acquiring 1,236 shares during the second quarter.
• Oracle's recent quarterly earnings report showed a profit of $1.70 EPS, surpassing expectations, and a revenue of $15.90 billion, marking an 11.3% year-over-year growth.
• The company announced a quarterly dividend of $0.50 per share, set to be paid on October 23rd, with a payout ratio of 46.30%.

Trinity Financial Advisors LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,236 shares of the enterprise software provider's stock, valued at approximately $270,000.

Several other hedge funds have also modified their holdings of ORCL. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new position in Oracle in the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle in the 4th quarter valued at about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were 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 in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,183 shares of company stock worth $10,353,198 over the last three months. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

Oracle stock opened at $292.07 on Friday. The stock has a market cap of $820.38 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The company has a fifty day simple moving average of $244.69 and a 200-day simple moving average of $190.50. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. Equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Evercore ISI raised their price target on shares of Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday. Mizuho raised their price target on shares of Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Melius Research lifted their target price on shares of Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $296.84.

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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