Banque Transatlantique SA Acquires 1,014,464 Shares of Oracle Corporation $ORCL

Key Points

• Banque Transatlantique SA has significantly increased its stake in Oracle Corporation, growing its holdings by 4,593.5% to over 1 million shares, worth approximately $134 million.
• Several large investors, including Nuveen LLC and GAMMA Investing LLC, have also made considerable changes to their positions in Oracle, indicating growing institutional interest.
• Analysts have a consensus rating of "Moderate Buy" for Oracle stock, with the average target price estimated at $227.04.

Banque Transatlantique SA increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4,593.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,036,549 shares of the enterprise software provider's stock after acquiring an additional 1,014,464 shares during the quarter. Oracle comprises about 2.5% of Banque Transatlantique SA's investment portfolio, making the stock its 9th largest holding. Banque Transatlantique SA's holdings in Oracle were worth $133,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Sunbeam Capital Management LLC acquired a new stake in Oracle during the fourth quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle in the fourth quarter valued at about $36,000. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director Rona Alison Fairhead purchased 480 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale 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 insiders.

Oracle Trading Up 4.4%

NYSE ORCL traded up $9.87 during trading hours on Friday, reaching $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 firm has a fifty day simple moving average of $239.38 and a 200-day simple moving average of $186.62. 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 52 week low of $118.86 and a 52 week high of $260.87. The stock has a market cap of $654.10 billion, a P/E ratio of 53.66, a P/E/G ratio of 3.33 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business 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. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Scotiabank started coverage on shares of Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price objective on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Barclays restated an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

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.