MJT & Associates Financial Advisory Group Inc. Invests $85,000 in Oracle Corporation (NYSE:ORCL)

MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Oracle Corporation (NYSE:ORCL) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 609 shares of the enterprise software provider’s stock, valued at approximately $85,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. lifted its holdings in Oracle by 9.3% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 1,840 shares of the enterprise software provider’s stock worth $283,000 after purchasing an additional 157 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Oracle by 16.0% during the 1st quarter. Foundations Investment Advisors LLC now owns 190,880 shares of the enterprise software provider’s stock valued at $26,687,000 after buying an additional 26,287 shares in the last quarter. Baldwin Investment Management LLC raised its holdings in shares of Oracle by 4.8% during the 1st quarter. Baldwin Investment Management LLC now owns 8,011 shares of the enterprise software provider’s stock valued at $1,120,000 after buying an additional 368 shares in the last quarter. Norden Group LLC raised its holdings in shares of Oracle by 4.9% during the 1st quarter. Norden Group LLC now owns 42,060 shares of the enterprise software provider’s stock valued at $5,880,000 after buying an additional 1,966 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management raised its holdings in shares of Oracle by 14.7% during the 1st quarter. Werba Rubin Papier Wealth Management now owns 3,962 shares of the enterprise software provider’s stock valued at $554,000 after buying an additional 507 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 448,669 shares of company stock valued at $85,555,309 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Citigroup upgraded Oracle from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Barclays restated an “overweight” rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Finally, UBS Group lifted their price objective on Oracle from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $218.29.

Oracle Stock Up 0.9%

ORCL stock opened at $245.05 on Monday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $251.60. The business has a fifty day moving average price of $204.42 and a 200-day moving average price of $171.71. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $688.31 billion, a P/E ratio of 56.46, a P/E/G ratio of 3.66 and a beta of 1.39.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 earnings per share. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

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.