Crake Asset Management LLP Buys New Shares in Oracle Corporation $ORCL

Key Points

• Crake Asset Management LLP invested approximately $20.13 million in Oracle Corporation, acquiring 144,000 shares of the company during the first quarter, making it the firm's 14th largest holding.
• Oracle recently declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 0.9% and a payout ratio of 46.08%.
• Oracle's stock price opened at $223.55, with a market capitalization of $627.92 billion, and reports earnings per share of $1.70 for the last quarter, exceeding analyst expectations.

Crake Asset Management LLP acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 144,000 shares of the enterprise software provider's stock, valued at approximately $20,133,000. Oracle comprises about 1.6% of Crake Asset Management LLP's portfolio, making the stock its 14th biggest position.

Several other large investors also recently added to or reduced their stakes in ORCL. Nuveen LLC bought a new position in shares of Oracle during the first quarter valued at approximately $732,692,000. GAMMA Investing LLC grew its stake in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Oracle by 20.5% during 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 valued at $2,303,858,000 after buying an additional 2,350,448 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after buying an additional 2,049,687 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other Oracle news, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 4.4%

Oracle stock traded up $9.87 during mid-day trading on Friday, reaching $232.87. 15,362,371 shares of the company were exchanged, compared to its average volume of 9,682,923. The business has a fifty day moving average of $239.38 and a 200 day moving average of $186.62. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $654.10 billion, a P/E ratio of 53.66, a PEG ratio of 3.33 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87.

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, 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 firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ORCL shares. Scotiabank assumed coverage on Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 target price on the stock. UBS Group increased their price objective on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Guggenheim increased their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, JMP Securities increased their price objective on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $227.04.

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.