Oracle Corporation (NYSE:ORCL) Shares Purchased by Hartford Financial Management Inc.

Hartford Financial Management Inc. boosted its holdings in Oracle Corporation (NYSE:ORCL) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,290 shares of the enterprise software provider’s stock after acquiring an additional 478 shares during the period. Hartford Financial Management Inc.’s holdings in Oracle were worth $4,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock worth $80,183,723 over the last 90 days. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.2%

NYSE ORCL opened at $210.63 on Thursday. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60. The company’s 50 day moving average price is $157.39 and its 200 day moving average price is $161.16. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The firm has a market capitalization of $589.13 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid 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 dividend yield of 0.95%. Oracle’s dividend payout ratio is currently 46.08%.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. Bank of America raised their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. Cowen reaffirmed a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. BMO Capital Markets raised shares of Oracle from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $235.00 in a research note on Friday, June 13th. Finally, Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently 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.