1,530 Shares in Oracle Corporation (NYSE:ORCL) Acquired by Wealth Quarterback LLC

Wealth Quarterback LLC purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,530 shares of the enterprise software provider's stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. FMR LLC increased its position in shares of Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. Franklin Resources Inc. increased its holdings in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after acquiring an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on ORCL shares. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Guggenheim boosted their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and upped their target price for the company from $180.00 to $250.00 in a report on Monday, June 30th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $218.29.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 448,669 shares of company stock valued at $85,555,309. Insiders own 42.20% of the company's stock.

Oracle Stock Up 1.4%

Oracle stock traded up $3.30 during midday trading on Wednesday, reaching $241.41. The company's stock had a trading volume of 4,032,581 shares, compared to its average volume of 10,358,032. The stock's 50-day simple moving average is $196.21 and its 200-day simple moving average is $168.97. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $678.07 billion, a P/E ratio of 55.73, a PEG ratio of 3.63 and a beta of 1.39. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $251.60.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.83%. Oracle's dividend payout ratio (DPR) is 46.08%.

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.