Vivid Wealth Management LLC Grows Stock Holdings in Oracle Corporation (NYSE:ORCL)

Vivid Wealth Management LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,941 shares of the enterprise software provider's stock after purchasing an additional 2,025 shares during the quarter. Vivid Wealth Management LLC's holdings in Oracle were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new stake in Oracle in the fourth quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. Mizuho cut their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Evercore ISI reissued a "buy" rating on shares of Oracle in a report on Wednesday. Finally, Guggenheim raised their target price on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday. Eleven 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $195.39.

Oracle Price Performance

Shares of NYSE:ORCL traded up $2.45 during trading on Wednesday, reaching $210.63. 15,046,293 shares of the company's stock traded hands, compared to its average volume of 9,813,170. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The company has a 50-day simple moving average of $155.97 and a 200-day simple moving average of $160.82. The firm has a market cap of $589.13 billion, a PE ratio of 48.53, a P/E/G ratio of 3.12 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Activity

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% 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 the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

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.