Oracle Corporation (NYSE:ORCL) Position Raised by Motiv8 Investments LLC

Motiv8 Investments LLC raised its position in shares of Oracle Corporation (NYSE:ORCL) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,758 shares of the enterprise software provider’s stock after purchasing an additional 610 shares during the quarter. Motiv8 Investments LLC’s holdings in Oracle were worth $945,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of 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 purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC lifted 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 purchasing an additional 404 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in Oracle during the fourth quarter worth approximately $709,000. FFT Wealth Management LLC grew its position in Oracle by 5.8% in the fourth quarter. FFT Wealth Management LLC now owns 2,020 shares of the enterprise software provider’s stock worth $337,000 after buying an additional 111 shares during the last quarter. Finally, Kirtland Hills Capital Management LLC increased its holdings in shares of Oracle by 1.5% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 7,964 shares of the enterprise software provider’s stock valued at $1,327,000 after buying an additional 118 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 442,366 shares of company stock valued at $83,395,223. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 2.2%

ORCL opened at $210.54 on Thursday. The firm has a market cap of $591.37 billion, a P/E ratio of 48.51, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The business has a 50 day moving average price of $165.09 and a 200 day moving average price of $161.98. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.93.

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, topping the consensus estimate 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 net margin of 21.68% and a return on equity of 87.34%. Oracle’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORCL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. KeyCorp upped their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. UBS Group lifted their target price on shares of Oracle from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research report on Thursday, June 12th. Finally, Barclays reissued an “overweight” rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.67.

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.