Oracle Corporation (NYSE:ORCL) Shares Bought by Alta Capital Management LLC

Alta Capital Management LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 55.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,898 shares of the enterprise software provider's stock after purchasing 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 SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Norges Bank acquired a new position in Oracle in the fourth quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle in the fourth quarter valued at approximately $930,095,000. GAMMA Investing LLC boosted its holdings in Oracle by 15,012.3% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Oracle by 20.5% in 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 in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group reaffirmed a "buy" rating and issued a $225.00 price target (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Piper Sandler reaffirmed a "neutral" rating and issued a $130.00 price target on shares of Oracle in a report on Wednesday, June 11th. Westpark Capital upped their price target on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Stifel Nicolaus upped their price target on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, June 12th. Finally, KeyCorp increased their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Stock Performance

Shares of Oracle stock traded up $1.91 during trading hours on Monday, hitting $207.08. 13,339,777 shares of the company were exchanged, compared to its average volume of 9,854,869. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a 50-day moving average of $161.85 and a 200-day moving average of $161.26. The stock has a market capitalization of $581.65 billion, a price-to-earnings ratio of 47.71, a P/E/G ratio of 3.08 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by corporate insiders.

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.