Oracle Corporation (NYSE:ORCL) Shares Acquired by EagleClaw Capital Managment LLC

Key Points

• EagleClaw Capital Management LLC increased its stake in Oracle Corporation by 10.0%, now holding 58,872 shares worth approximately $8.2 million.
• Oracle recently reported an earnings per share of $1.70, surpassing estimates, with a year-over-year revenue growth of 11.3% to $15.90 billion.
• Insiders, including EVP Maria Smith and Vice Chairman Jeffrey Henley, have sold substantial shares, contributing to a total of 431,169 shares sold worth over $82 million in the last quarter.

EagleClaw Capital Managment LLC lifted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 10.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,872 shares of the enterprise software provider's stock after acquiring an additional 5,350 shares during the period. Oracle accounts for 1.3% of EagleClaw Capital Managment LLC's portfolio, making the stock its 23rd largest position. EagleClaw Capital Managment LLC's holdings in Oracle were worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC increased its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new position in Oracle during the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC acquired a new position in Oracle during the 4th quarter valued at about $33,000. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 431,169 shares of company stock valued at $82,908,609 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ORCL shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank started coverage on Oracle in a research report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 target price on the stock. UBS Group upped their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Mizuho dropped their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and boosted their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Oracle Stock Performance

Shares of ORCL traded down $9.33 during mid-day trading on Friday, reaching $244.44. The company had a trading volume of 12,500,927 shares, compared to its average volume of 10,602,974. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. 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 stock has a market capitalization of $686.59 billion, a P/E ratio of 56.32, a PEG ratio of 3.79 and a beta of 1.43. The stock has a 50 day moving average of $213.55 and a two-hundred day moving average of $174.74.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $1.63 earnings per share. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given 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 0.8%. Oracle's dividend payout ratio is currently 46.08%.

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.