HM Payson & Co. Buys 228 Shares of Oracle Corporation (NYSE:ORCL)

HM Payson & Co. raised its stake in Oracle Corporation (NYSE:ORCL) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 258,686 shares of the enterprise software provider’s stock after acquiring an additional 228 shares during the period. HM Payson & Co.’s holdings in Oracle were worth $36,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC bought a new stake in Oracle in the 4th quarter valued at $33,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth about $28,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle in the 4th quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred 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 owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director directly owned 58,090 shares of the company’s stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock valued at $83,103,603 in the last quarter. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORCL. Stephens began coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. TD Cowen boosted their target price on shares of Oracle from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America boosted their target price on shares of Oracle from $156.00 to $220.00 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, June 18th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.15.

Oracle Price Performance

Oracle stock opened at $237.39 on Friday. The stock has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $237.99. The firm has a 50-day moving average of $178.14 and a two-hundred day moving average of $164.26.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. Oracle’s dividend payout ratio (DPR) is 46.08%.

About Oracle

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.