Confluence Wealth Services Inc. Grows Position in Oracle Corporation (NYSE:ORCL)

Confluence Wealth Services Inc. raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 65.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 18,788 shares of the enterprise software provider's stock after purchasing an additional 7,408 shares during the period. Confluence Wealth Services Inc.'s holdings in Oracle were worth $2,469,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank acquired a new position in shares of Oracle in the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. purchased a new stake in Oracle during the 4th quarter valued at about $930,095,000. GAMMA Investing LLC raised its stake in shares of 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Oracle by 1.5% during 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. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 1.2%

ORCL opened at $210.16 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.93. 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 has a fifty day simple moving average of $168.42 and a 200-day simple moving average of $162.36. The firm has a market cap of $590.31 billion, a P/E ratio of 48.42, a P/E/G ratio of 3.19 and a beta of 1.32.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock valued at $83,395,223 in the last three months. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. Cowen reaffirmed a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Westpark Capital upped their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Evercore ISI reissued a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. DA Davidson lifted their price target on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

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.

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