Caisse Des Depots ET Consignations Buys 1,728 Shares of Oracle Corporation (NYSE:ORCL)

Caisse Des Depots ET Consignations raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,177 shares of the enterprise software provider's stock after acquiring an additional 1,728 shares during the quarter. Caisse Des Depots ET Consignations' holdings in Oracle were worth $8,833,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Vanguard Group Inc. increased its position in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. Northern Trust Corp increased its position 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 worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Charles Schwab Investment Management Inc. increased its position in Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after purchasing an additional 94,236 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Oracle by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock worth $1,340,830,000 after purchasing an additional 335,352 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Trading Down 2.7%

Oracle stock opened at $249.38 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The business's fifty day simple moving average is $220.94 and its two-hundred day simple moving average is $177.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a market capitalization of $700.47 billion, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 3.83 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ORCL shares. Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Barclays reiterated an "overweight" rating and issued a $221.00 price objective (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. KeyCorp boosted their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Finally, UBS Group boosted their target price on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. 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 stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $222.75.

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.

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.