Banque Pictet & Cie SA Has $1.88 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Banque Pictet & Cie SA boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 66.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,460 shares of the enterprise software provider's stock after buying an additional 5,358 shares during the period. Banque Pictet & Cie SA's holdings in Oracle were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Greenwood Gearhart Inc. raised its stake in shares of Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC raised its holdings in shares of Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares in the last quarter. Stage Harbor Financial LLC raised its holdings in shares of Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares in the last quarter. J. L. Bainbridge & Co. Inc. lifted its stake in shares of Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 70 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in Oracle by 0.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after purchasing an additional 70 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL traded down $0.73 on Thursday, reaching $235.08. 11,470,190 shares of the stock traded hands, compared to its average volume of 10,239,208. The firm has a market cap of $660.30 billion, a price-to-earnings ratio of 54.17, a P/E/G ratio of 3.51 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The stock's 50-day moving average price is $183.77 and its 200-day moving average price is $165.63.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.63 EPS. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $190.00 to $270.00 in a report on Thursday. UBS Group set a $250.00 price objective on Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. BMO Capital Markets increased their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, CIBC reissued a "buy" rating on shares of Oracle in a report on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $209.33.

Insiders Place Their Bets

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 450,366 shares of company stock worth $85,433,503 over the last quarter. 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.