Calamos Advisors LLC Increases Position in Oracle Corporation (NYSE:ORCL)

Calamos Advisors LLC raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 711,290 shares of the enterprise software provider's stock after acquiring an additional 10,426 shares during the quarter. Calamos Advisors LLC's holdings in Oracle were worth $99,445,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the period. Greenwood Gearhart Inc. lifted its position in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. WorthPointe LLC raised its stake in shares of Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after acquiring an additional 67 shares during the period. Stage Harbor Financial LLC raised its stake in shares of Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after acquiring an additional 68 shares during the period. Finally, J. L. Bainbridge & Co. Inc. increased its stake in Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock worth $226,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL traded up $7.41 during trading hours on Friday, hitting $237.39. The stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99. The firm has a market capitalization of $666.79 billion, a PE ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39. The stock has a fifty day moving average price of $176.16 and a 200 day moving average price of $163.79.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.63 EPS. Analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and increased their target price for the company from $180.00 to $250.00 in a research report on Monday. Royal Bank Of Canada upped their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, Piper Sandler restated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a report on Wednesday, June 11th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock valued at $83,103,603 in the last quarter. Insiders own 42.20% of the company's stock.

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.