Motiv8 Investments LLC Grows Position in Oracle Corporation (NYSE:ORCL)

Motiv8 Investments LLC grew its position in Oracle Corporation (NYSE:ORCL) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,758 shares of the enterprise software provider’s stock after purchasing an additional 610 shares during the period. Motiv8 Investments LLC’s holdings in Oracle were worth $945,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ORCL. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $33,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter valued at about $28,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. UBS Group upped their price target on Oracle from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. Stifel Nicolaus raised their price target on shares of Oracle from $150.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, June 12th. BMO Capital Markets upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $200.00 to $235.00 in a report on Friday, June 13th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $197.67.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the 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 now directly owns 60,722 shares of the company’s stock, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $210.54 on Thursday. The company has a market cap of $591.37 billion, a PE ratio of 48.51, a P/E/G ratio of 3.23 and a beta of 1.32. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.93. The firm has a 50-day simple moving average of $165.09 and a 200 day simple moving average of $161.98. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last posted its 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. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio 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.