Telligent Fund LP Invests $979,000 in Oracle Corporation (NYSE:ORCL)

Key Points

• Telligent Fund LP purchased 7,000 shares of Oracle Corporation, valued at approximately $979,000, making it the 26th largest position in their portfolio.
• Oracle's stock has seen upgrades from multiple analysts, with Stifel Nicolaus raising its price target from $180 to $250 and others maintaining strong buy ratings, indicating a positive outlook for the company.
• The company reported a quarterly earnings per share of $1.70, surpassing the consensus estimate, and announced a quarterly dividend of $0.50 per share, reflecting a stable financial performance.

Telligent Fund LP acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,000 shares of the enterprise software provider's stock, valued at approximately $979,000. Oracle accounts for approximately 1.1% of Telligent Fund LP's holdings, making the stock its 26th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after acquiring an additional 107,404 shares during the last quarter. Lockheed Martin Investment Management Co. grew its position in Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after purchasing an additional 2,110 shares during the last quarter. Nuveen LLC purchased a new stake in Oracle during the 1st quarter worth approximately $732,692,000. Rockland Trust Co. grew its position in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after purchasing an additional 10,426 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of Oracle stock traded up $0.86 on Tuesday, reaching $253.54. The company's stock had a trading volume of 9,996,446 shares, compared to its average volume of 10,145,522. The company has a market capitalization of $712.15 billion, a P/E ratio of 58.42, a PEG ratio of 3.77 and a beta of 1.43. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The stock has a 50-day moving average price of $226.06 and a 200-day moving average price of $178.76. 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 - Get Free Report) 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 business 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%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. Analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's payout ratio is 46.08%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America boosted their target price on shares of Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Mizuho dropped their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $222.75.

Insiders Place Their Bets

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's 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 transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at $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 three months, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by insiders.

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.