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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. FMR LLC lifted its position in Oracle by 0.4% in 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 acquiring an additional 156,269 shares in the last quarter. Geode Capital Management LLC lifted its position in Oracle by 1.8% in 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 acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Oracle by 9.3% during 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 buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Oracle by 12.5% during 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 buying an additional 2,176,892 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on 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. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 2.3%

Shares of ORCL traded down $5.62 during trading on Tuesday, reaching $237.92. 8,600,442 shares of the company traded hands, compared to its average volume of 10,352,453. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.60. The stock has a market cap of $668.27 billion, a PE ratio of 54.85, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. The stock has a 50-day simple moving average of $196.21 and a 200-day simple moving average of $168.97. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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 business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. Oracle's payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORCL. Royal Bank Of Canada boosted their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. TD Cowen upped their target price on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Scotiabank began coverage on shares of Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target for the company. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

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.