City National Bank of Florida MSD Boosts Stock Position in Oracle Corporation (NYSE:ORCL)

City National Bank of Florida MSD boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 90.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,123 shares of the enterprise software provider's stock after buying an additional 1,481 shares during the period. City National Bank of Florida MSD's holdings in Oracle were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Oracle by 71.6% during 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 period. Rockland Trust Co. boosted its stake in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares during the period. Calamos Advisors LLC boosted its stake 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 purchasing an additional 10,426 shares during the period. Cornerstone Advisory LLC boosted its stake 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 purchasing an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. bought a new stake in Oracle during the 4th quarter valued at approximately $211,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in 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 note on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Evercore ISI upped their price target on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Barclays reaffirmed an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $218.29.

Oracle Stock Performance

Oracle stock traded up $2.22 during mid-day trading on Friday, reaching $245.05. 7,146,126 shares of the company's stock were exchanged, compared to its average volume of 13,472,494. Oracle Corporation has a one year low of $118.86 and a one year 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 business's fifty day simple moving average is $204.42 and its 200 day simple moving average is $171.59. The firm has a market capitalization of $688.31 billion, a PE ratio of 56.46, a P/E/G ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle's payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president 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 document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 448,669 shares of company stock worth $85,555,309. Company insiders own 42.20% of the company's stock.

Oracle Company 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.