Oracle Corporation $ORCL Stock Position Raised by GK Wealth Management LLC

GK Wealth Management LLC lifted its position in Oracle Corporation (NYSE:ORCL) by 13.1% in the 1st quarter, Holdings Channel reports. The fund owned 5,349 shares of the enterprise software provider’s stock after buying an additional 620 shares during the period. Oracle makes up approximately 0.9% of GK Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. GK Wealth Management LLC’s holdings in Oracle were worth $748,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after acquiring an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. lifted its position in shares of Oracle by 4.3% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after acquiring an additional 2,110 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Oracle in the 1st quarter valued at approximately $732,692,000. Rockland Trust Co. lifted its position in shares of Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after acquiring an additional 467 shares in the last quarter. Finally, Calamos Advisors LLC lifted its position in shares of Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after acquiring an additional 10,426 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock worth $10,353,198 in the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Stock Performance

Shares of ORCL opened at $328.40 on Thursday. The company’s fifty day moving average is $242.19 and its 200-day moving average is $188.57. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a market cap of $922.41 billion, a price-to-earnings ratio of 76.02, a price-to-earnings-growth ratio of 3.61 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 21.08% and a return on equity of 80.42%. 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. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ORCL. CIBC reiterated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Citigroup reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday. JMP Securities upped their price objective on shares of Oracle from $315.00 to $342.00 and gave the company a “market outperform” rating in a research note on Wednesday. Melius Research upped their price objective on shares of Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, UBS Group set a $300.00 price objective on shares of Oracle in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $296.84.

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.