Edgestream Partners L.P. Buys 41,727 Shares of Oracle Corporation (NYSE:ORCL)

Edgestream Partners L.P. boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 463.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,730 shares of the enterprise software provider's stock after purchasing an additional 41,727 shares during the period. Edgestream Partners L.P.'s holdings in Oracle were worth $7,093,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Oracle during the fourth quarter worth about $2,216,314,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 acquiring an additional 2,350,448 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after acquiring an additional 2,242,520 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock traded down $2.38 during trading hours on Friday, reaching $246.38. 6,509,036 shares of the company were exchanged, compared to its average volume of 12,297,752. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The stock's fifty day moving average is $194.31 and its two-hundred day moving average is $168.39. The company has a market cap of $692.03 billion, a price-to-earnings ratio of 56.80, a P/E/G ratio of 3.61 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.81%. Oracle's dividend payout ratio is currently 46.08%.

Analysts Set New Price Targets

A number of research analysts recently commented on ORCL shares. UBS Group raised their price objective on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America lifted their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Evercore ISI raised their price objective on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Guggenheim raised their price objective on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. 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. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by company insiders.

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.