Oracle Corporation (NYSE:ORCL) Shares Acquired by Pin Oak Investment Advisors Inc.
by Renee Jackson · The Cerbat GemPin Oak Investment Advisors Inc. raised its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,840 shares of the enterprise software provider’s stock after purchasing an additional 157 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in Oracle were worth $283,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth $30,000. Finally, Hurley Capital LLC acquired a new stake in shares of Oracle in the fourth quarter worth $33,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Insider Transactions at Oracle
In related news, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 in the last 90 days. Insiders own 42.20% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ORCL. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Barclays restated an “overweight” rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. Finally, Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.29.
Read Our Latest Report on Oracle
Oracle Stock Up 0.9%
ORCL stock opened at $245.05 on Monday. The company has a market cap of $688.31 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The company has a fifty day moving average price of $204.42 and a 200 day moving average price of $171.71.
Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company 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%. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle’s payout ratio is 46.08%.
About Oracle
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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