Daymark Wealth Partners LLC Purchases 2,374 Shares of Oracle Corporation (NYSE:ORCL)

Daymark Wealth Partners LLC lifted its position in Oracle Corporation (NYSE:ORCL) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 103,128 shares of the enterprise software provider’s stock after acquiring an additional 2,374 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Oracle were worth $14,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. S.A. Mason LLC grew its stake in shares of Oracle by 1.1% in the 1st quarter. S.A. Mason LLC now owns 9,538 shares of the enterprise software provider’s stock worth $1,333,000 after acquiring an additional 103 shares in the last quarter. Global Assets Advisory LLC grew its position in Oracle by 107.5% during the first quarter. Global Assets Advisory LLC now owns 7,707 shares of the enterprise software provider’s stock valued at $1,044,000 after buying an additional 3,992 shares during the period. International Assets Investment Management LLC grew its position in Oracle by 9.4% during the first quarter. International Assets Investment Management LLC now owns 14,241 shares of the enterprise software provider’s stock valued at $1,991,000 after buying an additional 1,221 shares during the period. Cornerstone Wealth Group LLC grew its position in Oracle by 2.8% during the first quarter. Cornerstone Wealth Group LLC now owns 16,951 shares of the enterprise software provider’s stock valued at $2,370,000 after buying an additional 464 shares during the period. Finally, Vectors Research Management LLC grew its position in Oracle by 29.3% during the first quarter. Vectors Research Management LLC now owns 32,314 shares of the enterprise software provider’s stock valued at $4,518,000 after buying an additional 7,313 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was 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 now owns 60,722 shares of the company’s stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,366 shares of company stock worth $83,395,223. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. JMP Securities set a $240.00 price objective on shares of Oracle and gave the company a “market outperform” rating in a report on Thursday, June 12th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 9th. DA Davidson increased their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Bank of America increased their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.74.

Oracle Stock Up 4.0%

Shares of NYSE ORCL opened at $215.39 on Wednesday. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50 day simple moving average is $163.48 and its two-hundred day simple moving average is $161.64. The stock has a market capitalization of $604.99 billion, a P/E ratio of 49.63, a PEG ratio of 3.10 and a beta of 1.32.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the business earned $1.63 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio is 46.08%.

Oracle 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.