Oracle Corporation (NYSE:ORCL) Shares Purchased by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,390 shares of the enterprise software provider’s stock after purchasing an additional 829 shares during the period. Checchi Capital Advisers LLC’s holdings in Oracle were worth $4,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Rockland Trust Co. increased its stake in Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after acquiring an additional 467 shares during the last quarter. Cornerstone Advisory LLC lifted its position in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after buying an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. purchased a new position in Oracle during the fourth quarter worth about $211,000. Secure Asset Management LLC boosted its stake in Oracle by 21.8% during the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after buying an additional 2,365 shares during the period. Finally, City National Bank of Florida MSD acquired a new stake in shares of Oracle during the fourth quarter valued at about $274,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 5.3%

Oracle stock opened at $230.55 on Thursday. The stock has a 50-day simple moving average of $174.16 and a 200-day simple moving average of $163.33. The company has a market capitalization of $647.58 billion, a P/E ratio of 53.12, a PEG ratio of 3.28 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $234.43.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm 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%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 EPS. Equities research analysts expect that Oracle Corporation will post 5 earnings per share 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 $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Oracle’s dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Roth Capital reiterated a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price for the company. Finally, CIBC reiterated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.63.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock valued at $83,103,603 in the last quarter. Insiders own 42.20% of the company’s stock.

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.