Valley National Advisers Inc. Acquires 7,725 Shares of Oracle Corporation (NYSE:ORCL)

Valley National Advisers Inc. raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 654.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,906 shares of the enterprise software provider's stock after buying an additional 7,725 shares during the quarter. Valley National Advisers Inc.'s holdings in Oracle were worth $1,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new position in Oracle during the 4th quarter worth $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter worth $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction 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. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,366 shares of company stock worth $83,103,603. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 3.2%

ORCL traded up $7.41 during trading on Thursday, reaching $237.39. 18,441,376 shares of the company's stock were exchanged, compared to its average volume of 10,114,277. 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 Corporation has a one year low of $118.86 and a one year high of $237.94. The firm has a fifty day moving average price of $174.16 and a two-hundred day moving average price of $163.33. The stock has a market capitalization of $666.79 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.28 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for 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%. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ORCL shares. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. JMP Securities set a $240.00 price target on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. DA Davidson increased their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle 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.