Milestones Private Investment Advisors LLC Buys Shares of 3,405 Oracle Corporation $ORCL

Milestones Private Investment Advisors LLC bought a new position in Oracle Corporation (NYSE:ORCL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 3,405 shares of the enterprise software provider’s stock, valued at approximately $744,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Snider Financial Group increased its position in shares of Oracle by 1.3% during the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after purchasing an additional 40 shares in the last quarter. SNS Financial Group LLC increased its position in Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after buying an additional 42 shares in the last quarter. PKS Advisory Services LLC increased its holdings in shares of Oracle by 1.9% during the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after acquiring an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. boosted its stake in Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its position in Oracle by 5.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer owned 154,030 shares in the company, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maria Smith sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 171,513 shares of company stock worth $50,397,893. Insiders own 40.90% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $189.64 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm’s fifty day simple moving average is $245.58 and its 200-day simple moving average is $241.93. The stock has a market cap of $544.86 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.66.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The company had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share. Analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be given a $0.50 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s dividend payout ratio (DPR) is currently 37.59%.

Wall Street Analyst Weigh In

A number of analysts have commented on ORCL shares. Morgan Stanley lifted their price target on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. Scotiabank dropped their price objective on shares of Oracle from $360.00 to $260.00 and set a “sector outperform” rating on the stock in a report on Thursday. Citigroup decreased their target price on shares of Oracle from $375.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America reduced their price objective on Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wolfe Research upped their target price on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $301.57.

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.