Brooklyn Investment Group Boosts Stock Holdings in Oracle Corporation $ORCL

Brooklyn Investment Group grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,785 shares of the enterprise software provider's stock after buying an additional 3,218 shares during the quarter. Oracle accounts for 0.7% of Brooklyn Investment Group's portfolio, making the stock its 24th largest position. Brooklyn Investment Group's holdings in Oracle were worth $3,325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Harel Insurance Investments & Financial Services Ltd. lifted its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. lifted its position in Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after purchasing an additional 2,110 shares during the period. Nuveen LLC bought a new position in Oracle during the first quarter valued at approximately $732,692,000. Rockland Trust Co. lifted its position in Oracle by 4.8% during the first 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 period. Finally, Calamos Advisors LLC lifted its position in Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on 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 completion of the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock worth $86,521,198. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ORCL shares. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Mizuho increased their price target on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average target price of $227.04.

Oracle Stock Performance

ORCL opened at $248.48 on Monday. The stock has a market capitalization of $697.94 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.71 and a beta of 1.43. The company has a fifty day moving average of $230.54 and a 200 day moving average of $180.59. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

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, beating the consensus estimate of $1.64 by $0.06. The company 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%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.63 earnings per share. As a group, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

About Oracle

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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