Oracle Corporation (NYSE:ORCL) Shares Purchased by Bouchey Financial Group Ltd

by · The Cerbat Gem

Bouchey Financial Group Ltd raised its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,626 shares of the enterprise software provider’s stock after purchasing an additional 204 shares during the quarter. Bouchey Financial Group Ltd’s holdings in Oracle were worth $227,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Oracle during the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 428,303 shares of company stock valued at $82,480,056. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $255.80 on Wednesday. The stock’s fifty day simple moving average is $217.36 and its 200-day simple moving average is $176.15. 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 1-year low of $118.86 and a 1-year high of $260.87. The company has a market capitalization of $718.50 billion, a price-to-earnings ratio of 58.94, a P/E/G ratio of 3.77 and a beta of 1.43.

Oracle (NYSE:ORCL – Get Free Report) last issued its earnings results 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle’s payout ratio is 46.08%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORCL. Oppenheimer reissued an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Stifel Nicolaus raised Oracle from a “hold” rating to a “buy” rating and raised their price target for the stock from $180.00 to $250.00 in a report on Monday, June 30th. JPMorgan Chase & Co. raised their price target on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.96.

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About Oracle

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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.

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