Beacon Capital Management LLC Raises Position in Oracle Corporation (NYSE:ORCL)

Beacon Capital Management LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 15.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,990 shares of the enterprise software provider’s stock after purchasing an additional 389 shares during the quarter. Beacon Capital Management LLC’s holdings in Oracle were worth $418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Capital & Planning LLC raised its holdings in shares of Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after buying an additional 81 shares during the period. Brighton Jones LLC increased its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Oracle in the fourth quarter worth $51,084,000. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of Oracle by 6.5% during the fourth quarter. Valmark Advisers Inc. now owns 5,584 shares of the enterprise software provider’s stock valued at $930,000 after purchasing an additional 343 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 1.5%

Oracle stock opened at $207.85 on Wednesday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The stock has a market cap of $581.34 billion, a PE ratio of 47.89, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. The stock has a 50-day moving average of $155.97 and a two-hundred day moving average of $160.82. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.63 earnings per share. On average, research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated 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 owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last ninety days. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. BMO Capital Markets upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $200.00 to $235.00 in a report on Friday, June 13th. UBS Group reaffirmed a “buy” rating and set a $225.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Morgan Stanley restated a “positive” rating on shares of Oracle in a report on Monday, June 9th. Finally, Cowen reiterated a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.

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.