PUREfi Wealth LLC Boosts Holdings in Oracle Corporation (NYSE:ORCL)

PUREfi Wealth LLC raised its holdings in Oracle Corporation (NYSE:ORCL) by 16.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,067 shares of the enterprise software provider’s stock after buying an additional 994 shares during the quarter. Oracle makes up approximately 1.0% of PUREfi Wealth LLC’s holdings, making the stock its 20th largest holding. PUREfi Wealth LLC’s holdings in Oracle were worth $988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockland Trust Co. grew its holdings in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after buying an additional 467 shares during the period. Cornerstone Advisory LLC grew its holdings in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after buying an additional 3,299 shares during the period. Peak Retirement Planning Inc. purchased a new stake in Oracle in the 4th quarter valued at about $211,000. Secure Asset Management LLC grew its holdings in shares of Oracle by 21.8% during the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after purchasing an additional 2,365 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Oracle during the 4th quarter worth about $51,084,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock valued at $80,183,723 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Barclays reiterated an “overweight” rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Citigroup reiterated an “outperform” rating on shares of Oracle in a report on Thursday, June 12th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Royal Bank Of Canada boosted their target price on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Finally, Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price for the company. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.32.

Oracle Trading Down 1.5%

Shares of ORCL stock opened at $207.85 on Wednesday. The stock has a 50-day simple moving average of $155.97 and a 200 day simple moving average of $160.82. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The stock has a market capitalization of $581.34 billion, a P/E ratio of 47.89, a P/E/G ratio of 3.13 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the business posted $1.63 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect 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 will be paid on Thursday, July 24th. Investors 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 0.96%. Oracle’s dividend payout ratio is currently 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.