Traveka Wealth LLC Acquires 124 Shares of Oracle Corporation (NYSE:ORCL)

Traveka Wealth LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 6.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,171 shares of the enterprise software provider’s stock after purchasing an additional 124 shares during the quarter. Traveka Wealth LLC’s holdings in Oracle were worth $303,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Sunbeam Capital Management LLC bought a new stake in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new position in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the 1st quarter worth approximately $28,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated 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 owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 440,366 shares of company stock worth $83,103,603. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Citigroup reaffirmed an “outperform” rating on shares of Oracle in a research report on Thursday, June 12th. KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, June 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, CIBC reissued a “buy” rating on shares of Oracle in a report on Monday, June 9th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.15.

Oracle Stock Up 3.2%

ORCL stock opened at $237.39 on Friday. The company 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 business has a 50-day simple moving average of $178.14 and a 200 day simple moving average of $164.25. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99. 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 (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is presently 46.08%.

About Oracle

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.