Acadian Asset Management LLC Raises Stock Holdings in Oracle Corporation $ORCL

Key Points

• Acadian Asset Management LLC increased its stake in Oracle Corporation by 5.3%, now holding 87,969 shares worth approximately $12.29 million.
• Several institutional investors have also made significant adjustments to their Oracle holdings, including Harel Insurance Investments increasing its stake by 71.6%.
• Oracle announced a quarterly dividend of $0.50 per share, with a yield of 0.7%, set to be paid on October 23rd.

Acadian Asset Management LLC grew its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,969 shares of the enterprise software provider's stock after buying an additional 4,398 shares during the quarter. Acadian Asset Management LLC's holdings in Oracle were worth $12,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after acquiring an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. boosted its stake in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after acquiring an additional 2,110 shares during the period. CBM Financial LLC bought a new position in shares of Oracle in the first quarter worth about $356,000. Nuveen LLC bought a new position in shares of Oracle in the first quarter worth about $732,692,000. Finally, Acorns Advisers LLC boosted its stake in shares of Oracle by 63.4% in the first quarter. Acorns Advisers LLC now owns 2,710 shares of the enterprise software provider's stock worth $379,000 after acquiring an additional 1,051 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Guggenheim increased their price target on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America raised Oracle from a "neutral" rating to a "buy" rating and increased their price target for the company from $295.00 to $368.00 in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $296.84.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock worth $10,353,198 over the last three months. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Down 6.3%

Shares of NYSE ORCL opened at $307.64 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The business's 50 day moving average price is $243.59 and its 200-day moving average price is $189.52. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a market cap of $864.11 billion, a price-to-earnings ratio of 71.21, a PEG ratio of 4.91 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.