Ridgecrest Wealth Partners LLC Buys 1,000 Shares of Oracle Corporation (NYSE:ORCL)

Ridgecrest Wealth Partners LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL) by 17.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 6,813 shares of the enterprise software provider’s stock after acquiring an additional 1,000 shares during the quarter. Ridgecrest Wealth Partners LLC’s holdings in Oracle were worth $953,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ORCL. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new position in Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the fourth quarter worth about $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred 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 completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 over the last ninety days. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $205.06 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business’s 50 day moving average price is $160.39 and its two-hundred day moving average price is $161.16. The company has a market cap of $575.96 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60.

Oracle (NYSE:ORCL) last issued its 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 return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the company posted $1.63 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. Oracle’s dividend payout ratio (DPR) is 46.08%.

Analysts Set New Price Targets

ORCL has been the topic of several research analyst reports. Citigroup restated an “outperform” rating on shares of Oracle in a report on Thursday, June 12th. JPMorgan Chase & Co. increased their target price on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Roth Capital restated a “hold” rating on shares of Oracle in a report on Wednesday. KeyCorp increased their price objective on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, June 12th. Finally, Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.74.

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.