Alta Capital Management LLC Increases Stock Holdings in Oracle Corporation (NYSE:ORCL)

Alta Capital Management LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 55.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,898 shares of the enterprise software provider's stock after acquiring an additional 9,571 shares during the quarter. Alta Capital Management LLC's holdings in Oracle were worth $3,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ORCL. Capital & Planning LLC grew its stake in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after buying an additional 81 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Oracle in the fourth quarter worth about $51,084,000. Revolve Wealth Partners LLC increased its stake in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Oracle by 4.3% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,689 shares of the enterprise software provider's stock valued at $781,000 after purchasing an additional 193 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE:ORCL traded down $5.82 during trading hours on Friday, reaching $205.06. The company had a trading volume of 20,826,667 shares, compared to its average volume of 9,857,232. The firm has a market cap of $573.53 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60. The business's 50 day moving average price is $158.93 and its 200-day moving average price is $161.36. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 firm had revenue of $15.90 billion for 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 company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.98%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. JMP Securities set a $240.00 target price on Oracle and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Piper Sandler reiterated a "neutral" rating and set a $130.00 price objective on shares of Oracle in a research report on Wednesday, June 11th. UBS Group reissued a "buy" rating and issued a $225.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Cantor Fitzgerald reduced their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $196.74.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 427,366 shares of company stock worth $80,183,723. Corporate insiders own 42.20% of the company's stock.

Oracle Company 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.