BDF Gestion Buys Shares of 35,000 Oracle Co. (NYSE:ORCL)

BDF Gestion bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the enterprise software provider's stock, valued at approximately $4,893,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rockland Trust Co. grew its holdings in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares during the last quarter. Cornerstone Advisory LLC boosted its position in Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after buying an additional 3,299 shares during the period. Peak Retirement Planning Inc. purchased a new stake in Oracle during the 4th quarter valued at $211,000. Secure Asset Management LLC boosted its position in Oracle by 21.8% during the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after buying an additional 2,365 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Oracle during the 4th quarter valued at $51,084,000. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Guggenheim reissued a "buy" rating and set a $220.00 price target on shares of Oracle in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday. Finally, Piper Sandler reissued a "neutral" rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Twelve investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $194.32.

Oracle Stock Performance

ORCL opened at $215.54 on Monday. The firm has a market cap of $602.86 billion, a P/E ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.98. The company has a 50 day simple moving average of $152.88 and a two-hundred day simple moving average of $160.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last issued 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. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Activity at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 over the last 90 days. 42.20% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.