ABC Arbitrage SA purchased a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,173 shares of the enterprise software provider's stock, valued at approximately $1,562,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Greenwood Gearhart Inc. raised its position in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. Flynn Zito Capital Management LLC lifted its position in shares of Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after buying an additional 71 shares in the last quarter. Tiller Private Wealth Inc. lifted its position in shares of Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after buying an additional 71 shares in the last quarter. Private Wealth Management Group LLC lifted its holdings in Oracle by 14.9% in the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after purchasing an additional 72 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its holdings in Oracle by 4.8% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock valued at $218,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.
Wall Street Analyst Weigh In
ORCL has been the topic of a number of research reports. Westpark Capital raised their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Scotiabank began coverage on Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price for the company. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Finally, Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Nine 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.
Read Our Latest Stock Report on ORCL
Oracle Stock Performance
Shares of Oracle stock opened at $252.77 on Tuesday. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The firm has a market cap of $709.99 billion, a price-to-earnings ratio of 58.24, a price-to-earnings-growth ratio of 3.65 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. The stock's 50-day moving average is $215.48 and its 200-day moving average is $175.60.
Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is 46.08%.
Insider Transactions at Oracle
In related news, EVP Maria Smith sold 10,000 shares of the company'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 sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 428,303 shares of company stock worth $82,480,056. 42.20% of the stock is currently owned by insiders.
Oracle Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

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