Capital Market Strategies LLC Buys 76 Shares of Oracle Corporation $ORCL

Capital Market Strategies LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,617 shares of the enterprise software provider’s stock after acquiring an additional 76 shares during the quarter. Capital Market Strategies LLC’s holdings in Oracle were worth $572,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Oracle by 71.6% during the first 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 buying an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. grew its position in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after purchasing an additional 2,110 shares during the last quarter. Strs Ohio acquired a new stake in shares of Oracle in the first quarter valued at about $108,572,000. CBM Financial LLC acquired a new stake in shares of Oracle in the first quarter valued at about $356,000. Finally, Nuveen LLC acquired a new stake in shares of Oracle in the first quarter valued at about $732,692,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 5.1%

ORCL stock opened at $292.07 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a market cap of $820.38 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The business’s 50-day simple moving average is $244.69 and its 200 day simple moving average is $190.37. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. On average, research analysts anticipate 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, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America raised Oracle from a “neutral” rating to a “buy” rating and raised their price target for the company from $295.00 to $368.00 in a research report on Wednesday. BMO Capital Markets set a $345.00 price target on Oracle in a research report on Wednesday. Morgan Stanley raised their price target on Oracle from $175.00 to $246.00 and gave the company an “equal weight” rating in a research report on Monday, September 8th. Finally, UBS Group set a $300.00 target price on Oracle in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $296.84.

Insider Activity at Oracle

In related news, Director Rona Alison Fairhead acquired 480 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred 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 sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,183 shares of company stock valued at $10,353,198. Corporate insiders own 42.20% of the company’s stock.

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.