Argentarii LLC Purchases 130 Shares of Oracle Corporation (NYSE:ORCL)

Argentarii LLC grew its position in shares of Oracle Corporation (NYSE:ORCL) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,656 shares of the enterprise software provider’s stock after acquiring an additional 130 shares during the quarter. Argentarii LLC’s holdings in Oracle were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Redmont Wealth Advisors LLC bought a new position in Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth about $28,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the fourth quarter worth about $36,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on Oracle from $235.00 to $245.00 and gave the company an “outperform” rating in a research note on Wednesday. CIBC reissued a “buy” rating on shares of Oracle in a report on Monday, June 9th. Guggenheim boosted their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Ten investment 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 stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $204.15.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company’s stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 31,764 shares of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

NYSE:ORCL opened at $237.39 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50-day simple moving average is $178.14 and its 200 day simple moving average is $164.25. The firm has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

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.