Cloud Capital Management LLC Purchases Shares of 978 Oracle Corporation (NYSE:ORCL)

Cloud Capital Management LLC purchased a new position in Oracle Corporation (NYSE:ORCL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 978 shares of the enterprise software provider’s stock, valued at approximately $136,000.

Other institutional investors have also recently made changes to their positions in the company. Argentarii LLC boosted its position in shares of Oracle by 3.7% during the 1st quarter. Argentarii LLC now owns 3,656 shares of the enterprise software provider’s stock valued at $511,000 after acquiring an additional 130 shares during the last quarter. Jackson Wealth Management LLC raised its stake in Oracle by 284.0% in the first quarter. Jackson Wealth Management LLC now owns 33,321 shares of the enterprise software provider’s stock valued at $4,659,000 after purchasing an additional 24,643 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in Oracle by 1,099.1% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 19,701 shares of the enterprise software provider’s stock valued at $2,754,000 after purchasing an additional 18,058 shares in the last quarter. Compass Wealth Management LLC raised its stake in Oracle by 54.9% in the first quarter. Compass Wealth Management LLC now owns 2,936 shares of the enterprise software provider’s stock valued at $410,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Whelan Financial lifted its position in Oracle by 21.3% during the first quarter. Whelan Financial now owns 2,258 shares of the enterprise software provider’s stock valued at $316,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated 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 approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock valued at $83,103,603 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

ORCL stock opened at $237.39 on Friday. The stock has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39. The firm’s 50-day moving average price is $178.14 and its two-hundred day moving average price is $164.25. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $237.99.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. As a group, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.84%. Oracle’s dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORCL shares. Bank of America increased their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Stifel Nicolaus raised Oracle from a “hold” rating to a “buy” rating and increased their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Piper Sandler restated a “neutral” rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, UBS Group set a $250.00 price objective on Oracle and gave the company a “buy” rating in a report on Wednesday, June 25th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.15.

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.