Oracle Corporation (NYSE:ORCL) Shares Acquired by Wealth Alliance LLC

Wealth Alliance LLC increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,219 shares of the enterprise software provider's stock after acquiring an additional 1,736 shares during the quarter. Wealth Alliance LLC's holdings in Oracle were worth $2,547,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Oracle during the 4th quarter worth approximately $394,000. Independent Solutions Wealth Management LLC grew its position in Oracle by 9.3% during the 4th quarter. Independent Solutions Wealth Management LLC now owns 1,393 shares of the enterprise software provider's stock worth $232,000 after purchasing an additional 119 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Oracle during the 4th quarter worth approximately $753,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 1.4%

NYSE:ORCL traded down $3.45 during midday trading on Friday, hitting $245.30. 9,671,806 shares of the company were exchanged, compared to its average volume of 10,370,432. The company has a fifty day simple moving average of $196.21 and a 200 day simple moving average of $168.95. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $689.01 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 3.66 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 (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORCL. JMP Securities upped their price objective on shares of Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a report on Friday. KeyCorp upped their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $218.29.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by 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.