Oracle Corporation $ORCL Holdings Raised by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC increased its stake in Oracle Corporation by 23.6%, owning 136,397 shares valued at $19.07 million as of the latest SEC filing.
• Oracle reported $1.70 earnings per share for the last quarter, exceeding consensus estimates of $1.64, and its revenue for the quarter was $15.90 billion, a year-over-year increase of 11.3%.
• The company recently announced a quarterly dividend of $0.50, representing an annualized yield of 0.9%, with a calculated dividend payout ratio of 46.08%.

Bridgeway Capital Management LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 23.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,397 shares of the enterprise software provider's stock after buying an additional 26,036 shares during the period. Bridgeway Capital Management LLC's holdings in Oracle were worth $19,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% in the 1st 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 last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the 4th quarter worth about $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded up $9.87 during trading hours on Friday, reaching $232.87. 15,362,371 shares of the company's stock were exchanged, compared to its average volume of 9,682,923. The company has a market capitalization of $654.10 billion, a P/E ratio of 53.66, a price-to-earnings-growth ratio of 3.33 and a beta of 1.46. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business's 50-day simple moving average is $239.38 and its two-hundred day simple moving average is $186.62.

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. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORCL. Mizuho upped their target price on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. KeyCorp increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and increased their price objective for the company from $180.00 to $250.00 in a report on Monday, June 30th. Finally, Guggenheim increased their price objective on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $227.04.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock worth $86,521,198 in 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.