Oracle Corporation (NYSE:ORCL) Shares Purchased by CapWealth Advisors LLC

CapWealth Advisors LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 10.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 34,579 shares of the enterprise software provider's stock after buying an additional 3,371 shares during the period. CapWealth Advisors LLC's holdings in Oracle were worth $4,834,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Oracle in the 4th quarter valued at approximately $2,216,314,000. GAMMA Investing LLC grew its holdings in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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. Vanguard Group Inc. grew its holdings in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Guggenheim lifted 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Stephens initiated coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Mizuho cut their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Oppenheimer restated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.33.

Oracle Trading Down 0.1%

Shares of ORCL traded down $0.23 during trading hours on Thursday, reaching $235.08. 11,414,833 shares of the company traded hands, compared to its average volume of 10,223,474. The firm has a market cap of $660.30 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. 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 stock's fifty day moving average price is $183.77 and its 200 day moving average price is $165.63.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. Sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Oracle's payout ratio is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 450,366 shares of company stock valued at $85,433,503 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle 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.