Garde Capital Inc. Grows Position in Oracle Corporation (NYSE:ORCL)

Garde Capital Inc. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 10.4% in the 1st quarter, HoldingsChannel reports. The fund owned 8,106 shares of the enterprise software provider’s stock after acquiring an additional 761 shares during the quarter. Garde Capital Inc.’s holdings in Oracle were worth $1,133,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. raised its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares in the last quarter. New England Capital Financial Advisors LLC grew its holdings in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after purchasing an additional 64 shares during the last quarter. Cape ANN Savings Bank grew its holdings in Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after purchasing an additional 65 shares during the last quarter. Greenwood Gearhart Inc. grew its holdings in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. Finally, WorthPointe LLC grew its holdings in Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock valued at $289,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 transaction, the insider now owns 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of analyst reports. CIBC reaffirmed a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research report on Wednesday. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $150.00 to $180.00 and gave the stock a “hold” rating in a research report on Thursday, June 12th. 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 company’s stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $196.74.

Oracle Stock Performance

Shares of ORCL opened at $205.06 on Friday. The business’s 50 day moving average is $160.39 and its two-hundred day moving average is $161.52. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60. The firm has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 EPS. Analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is presently 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.