Oracle Corporation (NYSE:ORCL) Holdings Lifted by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 103.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,686 shares of the enterprise software provider's stock after acquiring an additional 1,872 shares during the period. Catalyst Capital Advisors LLC's holdings in Oracle were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Oracle by 71.6% in the 1st 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 last quarter. Rockland Trust Co. increased its holdings in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares during the period. Calamos Advisors LLC boosted its position in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after acquiring an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC boosted its position in Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. bought a new stake in Oracle during the 4th quarter valued at $211,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related 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 transaction of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director directly owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 over the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 1.0%

ORCL stock traded up $2.35 during trading on Tuesday, reaching $234.61. The stock had a trading volume of 15,758,886 shares, compared to its average volume of 10,225,028. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.18. 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 company has a market capitalization of $658.98 billion, a P/E ratio of 54.06, a PEG ratio of 3.55 and a beta of 1.39. The firm has a fifty day moving average price of $179.98 and a 200 day moving average price of $164.65.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders 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 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ORCL. JPMorgan Chase & Co. increased their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

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.