Bleakley Financial Group LLC Has $6.15 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Bleakley Financial Group LLC lifted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 9.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,010 shares of the enterprise software provider's stock after purchasing an additional 3,762 shares during the quarter. Bleakley Financial Group LLC's holdings in Oracle were worth $6,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Oracle by 1.5% in the 4th 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 during the period. FMR LLC boosted its position in shares of Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC grew its stake in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. grew its stake in Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 1.9%

Shares of ORCL stock opened at $230.45 on Monday. The firm has a market cap of $647.29 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The stock has a 50 day moving average of $187.16 and a 200-day moving average of $166.42.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business 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%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analysts Set New Price Targets

ORCL has been the topic of several research analyst reports. TD Cowen lifted their target price on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, UBS Group set a $250.00 price target on Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 sale, the insider owned 1,097,576 shares in the company, 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 ninety days, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by 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.

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