Alexis Investment Partners LLC Invests $464,000 in Oracle Corporation $ORCL

Key Points

• Alexis Investment Partners LLC has invested approximately $464,000 in Oracle Corporation by purchasing 3,291 shares during the first quarter.
• Analysts have set a new average price target of $227.04 for Oracle, with three analysts rating it as a Strong Buy and twenty-three giving it a Buy rating.
• Oracle reported a 12-month revenue increase of 11.3% and earnings per share of $1.70, surpassing analyst expectations during its latest earnings release.

Alexis Investment Partners LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,291 shares of the enterprise software provider's stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Nuveen LLC bought a new position in Oracle during the first quarter valued at approximately $732,692,000. GAMMA Investing LLC raised its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the period. Vanguard Group Inc. raised its position in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after purchasing an additional 2,049,687 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 4.4%

Shares of NYSE ORCL traded up $9.87 during midday trading on Friday, hitting $232.87. The company's stock had a trading volume of 15,362,371 shares, compared to its average volume of 9,682,923. The business's 50 day moving average is $239.38 and its two-hundred day moving average is $186.62. The firm has a market cap of $654.10 billion, a P/E ratio of 53.66, a price-to-earnings-growth ratio of 3.33 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The company 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 87.34% and a net margin of 21.68%.Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. As a group, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ORCL shares. DA Davidson upped their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Jefferies Financial Group increased their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $227.04.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by company 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.