Oracle Corporation (NYSE:ORCL) Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,095 shares of the enterprise software provider’s stock after purchasing an additional 1,041 shares during the period. Oracle accounts for 1.1% of Weaver Capital Management LLC’s portfolio, making the stock its 20th biggest position. Weaver Capital Management LLC’s holdings in Oracle were worth $4,068,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after buying an additional 64 shares during the last quarter. Cape ANN Savings Bank boosted its stake in shares of Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after buying an additional 65 shares during the last quarter. Greenwood Gearhart Inc. grew its holdings in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after acquiring an additional 66 shares in the last quarter. Finally, WorthPointe LLC increased its position in shares of Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock valued at $289,000 after acquiring an additional 67 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 2.8%

ORCL stock opened at $205.06 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60. The company has a market capitalization of $573.53 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. The company’s 50-day simple moving average is $160.39 and its 200 day simple moving average is $161.52. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORCL. Royal Bank Of Canada raised their price target on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. CIBC reissued a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Evercore ISI reiterated a “buy” rating on shares of Oracle in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.74.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by corporate insiders.

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.