Brio Consultants LLC Buys 4,529 Shares of Oracle Corporation (NYSE:ORCL)

Brio Consultants LLC lifted its stake in Oracle Corporation (NYSE:ORCL) by 136.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,847 shares of the enterprise software provider’s stock after acquiring an additional 4,529 shares during the quarter. Brio Consultants LLC’s holdings in Oracle were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC purchased a new stake in Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the fourth quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock valued at $85,555,309 over the last ninety days. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Cowen restated a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. Scotiabank began coverage on shares of Oracle in a research report on Thursday, July 17th. They set a “sector outperform” rating and a $300.00 target price for the company. BMO Capital Markets upped their target price on shares of Oracle from $235.00 to $245.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Finally, Roth Capital reissued a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $218.29.

Oracle Trading Up 0.9%

ORCL stock opened at $245.05 on Monday. The firm has a fifty day moving average price of $204.42 and a 200 day moving average price of $171.71. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The firm has a market cap of $688.31 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business earned $1.63 earnings per share. Oracle’s quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.82%. Oracle’s dividend payout ratio is currently 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.