von Borstel & Associates Inc. Acquires Shares of 330 Oracle Corporation (NYSE:ORCL)

von Borstel & Associates Inc. bought a new position in Oracle Corporation (NYSE:ORCL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 330 shares of the enterprise software provider’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the period. Assetmark Inc. lifted its stake in Oracle by 374.0% in the 4th quarter. Assetmark Inc. now owns 51,033 shares of the enterprise software provider’s stock worth $8,504,000 after purchasing an additional 40,266 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in Oracle by 8.5% in the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider’s stock valued at $4,475,000 after purchasing an additional 2,101 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $237.39 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99. The stock has a market cap of $666.79 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The company’s fifty day moving average price is $178.14 and its 200-day moving average price is $164.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock valued at $83,103,603 in the last quarter. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim upped their target price on Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 18th. UBS Group set a $250.00 price objective on Oracle and gave the stock a “buy” rating in a report on Wednesday, June 25th. Piper Sandler reaffirmed a “neutral” rating and issued a $130.00 target price on shares of Oracle in a research note on Wednesday, June 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Oracle in a research note on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $204.15.

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.