Buckhead Capital Management LLC lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 16.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,510 shares of the enterprise software provider's stock after selling 5,140 shares during the period. Buckhead Capital Management LLC's holdings in Oracle were worth $3,566,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. FMR LLC boosted its position in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after acquiring an additional 156,269 shares during the last quarter. Geode Capital Management LLC grew its stake in Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. raised its holdings in Oracle by 9.3% in 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 during the last quarter. Finally, Northern Trust Corp increased its stake in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was 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 directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on ORCL shares. JMP Securities increased their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. KeyCorp increased their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday, June 10th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.
Check Out Our Latest Report on Oracle
Oracle Price Performance
NYSE ORCL traded down $3.45 on Friday, reaching $245.30. 9,671,806 shares of the stock traded hands, compared to its average volume of 10,370,432. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. 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 firm's fifty day simple moving average is $196.21 and its 200 day simple moving average is $168.95. The company has a market cap of $689.01 billion, a price-to-earnings ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company posted $1.63 EPS. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.
About Oracle
(
Free Report)
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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