AIA Group Ltd Increases Position in Oracle Corporation (NYSE:ORCL)

Key Points

• AIA Group Ltd increased its stock holdings in Oracle Corporation by 13.6% in Q1, owning 26,298 shares valued at approximately $3.68 million.
• Oracle reported $1.70 EPS, exceeding analyst expectations, with a revenue of $15.90 billion for the quarter—a year-over-year increase of 11.3%.
• The company announced a quarterly dividend of $0.50 per share, reflecting an annualized yield of 0.8% and a payout ratio of 46.08%.

AIA Group Ltd grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,298 shares of the enterprise software provider's stock after acquiring an additional 3,142 shares during the quarter. AIA Group Ltd's holdings in Oracle were worth $3,677,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ORCL. Financial Engines Advisors L.L.C. grew its holdings in shares of Oracle by 16.4% during the first quarter. Financial Engines Advisors L.L.C. now owns 9,133 shares of the enterprise software provider's stock worth $1,277,000 after buying an additional 1,284 shares in the last quarter. Ballast Inc. boosted its position in Oracle by 5.7% during the first quarter. Ballast Inc. now owns 4,672 shares of the enterprise software provider's stock valued at $653,000 after purchasing an additional 250 shares during the last quarter. Meridian Wealth Management LLC boosted its position in Oracle by 14.9% during the first quarter. Meridian Wealth Management LLC now owns 47,644 shares of the enterprise software provider's stock valued at $6,661,000 after purchasing an additional 6,166 shares during the last quarter. Operose Advisors LLC boosted its position in Oracle by 50.2% during the first quarter. Operose Advisors LLC now owns 314 shares of the enterprise software provider's stock valued at $44,000 after purchasing an additional 105 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in Oracle by 14.5% during the first quarter. Independent Advisor Alliance now owns 59,519 shares of the enterprise software provider's stock valued at $8,321,000 after purchasing an additional 7,524 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. UBS Group increased their price target on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Evercore ISI increased their price target on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. KeyCorp raised their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets raised their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. 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. Based on data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $222.75.

Oracle Stock Up 0.3%

ORCL traded up $0.86 during trading on Tuesday, hitting $253.54. The 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 PE ratio of 58.42, a PEG ratio of 3.77 and a beta of 1.43. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day simple moving average of $226.06 and a two-hundred day simple moving average of $178.76.

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, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. On average, research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

Insider Activity at Oracle

In related news, 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Profile

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.