Veracity Capital LLC Grows Stock Holdings in Oracle Corporation $ORCL

Veracity Capital LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 187.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,281 shares of the enterprise software provider’s stock after purchasing an additional 3,442 shares during the period. Veracity Capital LLC’s holdings in Oracle were worth $1,485,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ORCL. McLean Asset Management Corp increased its stake in shares of Oracle by 0.7% during the third quarter. McLean Asset Management Corp now owns 5,319 shares of the enterprise software provider’s stock valued at $1,551,000 after buying an additional 36 shares during the period. Snider Financial Group boosted its holdings in Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after acquiring an additional 40 shares in the last quarter. SNS Financial Group LLC boosted its holdings in Oracle by 0.9% in the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares in the last quarter. PKS Advisory Services LLC raised its holdings in Oracle by 1.9% in the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after purchasing an additional 42 shares in the last quarter. Finally, Reyes Financial Architecture Inc. raised its holdings in Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares in the company, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. The trade was a 20.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 155,190 shares of company stock valued at $45,279,001. Company insiders own 40.90% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $179.93 on Friday. The firm has a market cap of $516.97 billion, a P/E ratio of 33.82, a PEG ratio of 1.61 and a beta of 1.66. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. The company has a 50 day moving average of $236.98 and a 200 day moving average of $241.38.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 EPS. As a group, research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORCL. Wolfe Research lifted their target price on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Jefferies Financial Group lifted their price objective on Oracle from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, October 17th. JMP Securities reiterated a “market outperform” rating and set a $342.00 target price on shares of Oracle in a report on Friday, October 17th. Guggenheim restated a “buy” rating and issued a $400.00 target price on shares of Oracle in a research note on Thursday, December 11th. Finally, HSBC restated a “buy” rating and set a $382.00 price target on shares of Oracle in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $302.92.

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.