Creekmur Asset Management LLC boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 137.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,320 shares of the enterprise software provider's stock after buying an additional 1,342 shares during the quarter. Creekmur Asset Management LLC's holdings in Oracle were worth $324,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ORCL. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the last quarter. Rockland Trust Co. lifted its stake in shares of Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after buying an additional 467 shares during the period. Calamos Advisors LLC lifted its position in Oracle by 1.5% during the first 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 lifted its position in Oracle by 34.1% during the fourth 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. acquired a new position in shares of Oracle in the fourth quarter worth about $211,000. 42.44% of the stock is owned by hedge funds and other institutional investors.
Oracle Stock Performance
Shares of NYSE:ORCL opened at $249.28 on Friday. The stock has a market capitalization of $700.19 billion, a P/E ratio of 57.33, a P/E/G ratio of 3.61 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $251.60. The business has a 50-day moving average price of $194.31 and a two-hundred day moving average price of $168.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.
Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the firm earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.
Insider Activity
In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts have weighed in on ORCL shares. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Bank of America boosted their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $218.29.
Read Our Latest Report on Oracle
About Oracle
(
Free Report)
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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