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TruNorth Capital Management LLC Boosts Stock Holdings in Oracle Corporation (NYSE:ORCL)

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TruNorth Capital Management LLC raised its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 272.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,890 shares of the enterprise software provider's stock after purchasing an additional 4,308 shares during the quarter. TruNorth Capital Management LLC's holdings in Oracle were worth $823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Greenwood Gearhart Inc. increased its position in Oracle by 1.2% in the fourth 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 in the last quarter. WorthPointe LLC increased its position in Oracle by 4.0% in the fourth 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 increased its position in Oracle by 5.0% in the fourth 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 in the last quarter. J. L. Bainbridge & Co. Inc. increased its position in Oracle by 5.5% in the fourth 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 in the last quarter. Finally, Prestige Wealth Management Group LLC increased its position in Oracle by 0.6% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock worth $84,784,653 over the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded up $6.29 on Wednesday, hitting $241.25. The company had a trading volume of 12,555,899 shares, compared to its average volume of 10,304,773. The firm has a market cap of $677.64 billion, a P/E ratio of 55.59, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. The company has a 50-day moving average price of $190.49 and a 200-day moving average price of $167.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $242.03.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 EPS. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared 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 is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

A number of equities analysts recently commented on ORCL shares. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. KeyCorp increased their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. TD Cowen increased their price target on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Nine investment 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $211.37.

Check Out Our Latest Report on ORCL

Oracle Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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