Truvestments Capital LLC Has $2.91 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• Truvestments Capital LLC increased its stake in Oracle Corporation by 7.0%, bringing its total holdings to 20,808 shares valued at approximately $2.91 million.
• Wall Street analysts are optimistic about Oracle, with a consensus rating of "Moderate Buy" and an average target price of $227.04, reflecting a range of bullish ratings from various analysts.
• Oracle recently declared a quarterly dividend of $0.50 per share, with a current dividend yield of 0.9% and a payout ratio of 46.08%.

Truvestments Capital LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,808 shares of the enterprise software provider's stock after acquiring an additional 1,370 shares during the period. Truvestments Capital LLC's holdings in Oracle were worth $2,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC increased its stake in Oracle by 1.1% during the first quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock valued at $879,000 after acquiring an additional 68 shares during the period. Tacita Capital Inc increased its stake in Oracle by 6.0% during the first quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after acquiring an additional 70 shares during the period. Flynn Zito Capital Management LLC boosted its holdings in Oracle by 1.7% during the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares in the last quarter. Tiller Private Wealth Inc. boosted its holdings in Oracle by 4.6% during the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after purchasing an additional 71 shares in the last quarter. Finally, Cadence Bank boosted its holdings in Oracle by 1.0% during the first quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock valued at $1,040,000 after purchasing an additional 71 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays reaffirmed an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $227.04.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm'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 transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $234.57 on Wednesday. The stock has a market capitalization of $658.85 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 3.51 and a beta of 1.43. The business has a 50-day moving average of $236.39 and a 200-day moving average of $183.72. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87.

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, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. As a group, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend 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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.