Helium Advisors LLC Purchases New Holdings in Oracle Corporation $ORCL

Helium Advisors LLC acquired a new position in Oracle Corporation (NYSE:ORCL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,527 shares of the enterprise software provider’s stock, valued at approximately $1,646,000. Oracle accounts for approximately 1.0% of Helium Advisors LLC’s investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Winnow Wealth LLC purchased a new stake in shares of Oracle in the 2nd quarter worth approximately $28,000. Kilter Group LLC purchased a new position in Oracle during the second quarter valued at $30,000. LGT Financial Advisors LLC bought a new stake in Oracle in the second quarter worth $33,000. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle in the second quarter worth $34,000. Finally, HighMark Wealth Management LLC purchased a new stake in shares of Oracle in the second quarter worth $38,000. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 4.6%

NYSE:ORCL opened at $189.64 on Friday. The company has a market cap of $540.62 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.66. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 3.28. The company has a 50 day simple moving average of $245.58 and a two-hundred day simple moving average of $240.83. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same period in the prior year, the firm earned $1.47 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. Research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is currently 37.59%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORCL shares. Mizuho lifted their price target on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Bank of America reduced their price objective on shares of Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Melius Research lifted their target price on shares of Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. HSBC reiterated a “buy” rating and set a $382.00 price target on shares of Oracle in a report on Wednesday, November 26th. Finally, Citigroup decreased their price objective on shares of Oracle from $375.00 to $370.00 and set a “buy” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $301.57.

Insiders Place Their Bets

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the transaction, the chief executive officer owned 154,030 shares in the company, valued at $42,610,859.20. This trade represents a 20.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares of the company’s stock, valued at $13,212,431.46. This trade represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 171,513 shares of company stock valued at $50,397,893. 40.90% of the stock is currently owned by corporate insiders.

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.