Vista Cima Wealth Management LLC Purchases 106 Shares of Oracle Corporation $ORCL

Vista Cima Wealth Management LLC increased its position in shares of Oracle Corporation (NYSE:ORCL) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,131 shares of the enterprise software provider’s stock after purchasing an additional 106 shares during the period. Vista Cima Wealth Management LLC’s holdings in Oracle were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Harel Insurance Investments & Financial Services Ltd. grew its position in Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after acquiring an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. grew its position in Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after acquiring an additional 2,110 shares during the period. Nuveen LLC bought a new stake in Oracle in the first quarter valued at $732,692,000. Rockland Trust Co. grew its position in Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after acquiring an additional 467 shares during the period. Finally, Calamos Advisors LLC grew its position in Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after acquiring an additional 10,426 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. Evercore ISI upped their price target on Oracle from $270.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday. Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. TD Cowen boosted their price objective on Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, DA Davidson boosted their price objective on Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $296.84.

Oracle Trading Up 36.0%

Shares of ORCL opened at $328.40 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm has a market capitalization of $922.41 billion, a PE ratio of 76.02, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46. The stock’s fifty day simple moving average is $242.19 and its 200-day simple moving average is $188.57.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 80.42% and a net margin of 21.08%.The business 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 firm posted $1.63 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.08%.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead acquired 480 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company’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 owned 60,722 shares of the company’s stock, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,183 shares of company stock valued at $10,353,198 in the last ninety days. 42.20% of the stock is currently owned by 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.