Ransom Advisory Ltd Makes New Investment in Oracle Corporation $ORCL

Ransom Advisory Ltd purchased a new position in Oracle Corporation (NYSE:ORCL) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,021 shares of the enterprise software provider’s stock, valued at approximately $702,000.

Other institutional investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL opened at $241.67 on Wednesday. The company’s fifty day moving average is $240.23 and its 200-day moving average is $187.60. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The firm has a market cap of $678.81 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46. 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 announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 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 company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. Equities 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, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle’s payout ratio is presently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Guggenheim upped their price target on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Westpark Capital upped their price target on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Scotiabank initiated coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Oracle from $175.00 to $246.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.61.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’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 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 disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Company 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.