Decatur Capital Management Inc. Purchases New Shares in Oracle Corporation $ORCL

by · The Cerbat Gem

Decatur Capital Management Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,913 shares of the enterprise software provider’s stock, valued at approximately $2,924,000. Oracle accounts for approximately 1.5% of Decatur Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its stake 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 valued at $29,000 after buying an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $248.86 on Tuesday. The stock’s 50 day simple moving average is $231.98 and its 200-day simple moving average is $181.14. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The stock has a market cap of $699.01 billion, a PE ratio of 57.34, a P/E/G ratio of 3.71 and a beta of 1.43. 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 (NYSE:ORCL – Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 analysts’ expectations of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Stifel Nicolaus upgraded Oracle from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Guggenheim boosted their target price on Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Finally, UBS Group boosted their target price on Oracle from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $227.04.

Read Our Latest Report on ORCL

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares of the company’s stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by insiders.

Oracle Company Profile

(Free Report)

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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