HM Payson & Co. Increases Position in Oracle Corporation (NYSE:ORCL)

HM Payson & Co. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 0.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 258,686 shares of the enterprise software provider’s stock after purchasing an additional 228 shares during the quarter. HM Payson & Co.’s holdings in Oracle were worth $36,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Redmont Wealth Advisors LLC purchased a new stake in Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the first quarter worth about $28,000. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter worth about $30,000. Hurley Capital LLC purchased a new stake in Oracle in the fourth quarter worth about $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 3.2%

Shares of Oracle stock opened at $237.39 on Friday. The company’s fifty day simple moving average is $178.14 and its 200-day simple moving average is $164.26. The stock has a market capitalization of $666.79 billion, a PE ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99. 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 (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given 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 dividend yield of 0.84%. Oracle’s payout ratio is 46.08%.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. DA Davidson increased their price target on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Finally, Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $204.15.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock valued at $83,103,603 over the last 90 days. Company insiders own 42.20% of the company’s stock.

Oracle 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.