Brooklyn Investment Group Grows Position in Oracle Corporation $ORCL

Brooklyn Investment Group increased its position in shares of Oracle Corporation (NYSE:ORCL) by 15.6% in the first quarter, Holdings Channel.com reports. The firm owned 23,785 shares of the enterprise software provider’s stock after purchasing an additional 3,218 shares during the quarter. Oracle comprises approximately 0.7% of Brooklyn Investment Group’s investment portfolio, making the stock its 24th biggest position. Brooklyn Investment Group’s holdings in Oracle were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC raised its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 1.4%

ORCL stock opened at $248.48 on Monday. The firm’s fifty day simple moving average is $230.54 and its 200-day simple moving average is $180.59. The company has a market capitalization of $697.94 billion, a P/E ratio of 57.25, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87.

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. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle’s payout ratio is currently 46.08%.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock worth $86,521,198. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. UBS Group boosted their price target on shares of Oracle from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Stifel Nicolaus upgraded shares of Oracle from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $250.00 in a report on Monday, June 30th. Guggenheim boosted their price target on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Mizuho boosted their price target on shares of Oracle from $245.00 to $300.00 and gave the company an “outperform” rating in a report on Friday. Finally, CIBC restated a “buy” rating on shares of Oracle in a report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.04.

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.