Valeo Financial Advisors LLC Acquires 7,416 Shares of Oracle Corporation (NYSE:ORCL)

Valeo Financial Advisors LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,787 shares of the enterprise software provider's stock after purchasing an additional 7,416 shares during the quarter. Valeo Financial Advisors LLC's holdings in Oracle were worth $12,693,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Greenwood Gearhart Inc. grew its holdings in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the period. WorthPointe LLC grew its holdings in Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after acquiring an additional 67 shares during the period. Stage Harbor Financial LLC grew its holdings in Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares during the period. J. L. Bainbridge & Co. Inc. grew its holdings in Oracle by 5.5% during the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock worth $226,000 after acquiring an additional 70 shares during the period. Finally, Prestige Wealth Management Group LLC grew its holdings in Oracle by 0.6% during 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 acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ORCL shares. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, BMO Capital Markets boosted their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.33.

Oracle Stock Performance

ORCL traded down $0.23 on Thursday, hitting $235.08. 11,414,833 shares of the company's stock were exchanged, compared to its average volume of 10,223,476. The firm has a market cap of $660.30 billion, a PE ratio of 54.17, a P/E/G ratio of 3.51 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The stock has a fifty day moving average of $183.77 and a two-hundred day moving average of $165.63. 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 (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. On average, research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction on Monday, July 7th. The stock was bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 450,366 shares of company stock worth $85,433,503. 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.