Edmond DE Rothschild Holding S.A. Acquires 2,242 Shares of Oracle Corporation $ORCL

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Oracle Corporation by 6.1%, acquiring an additional 2,242 shares in the first quarter, bringing their total to 38,767 shares valued at approximately $5.42 million.
• Insider selling activity has been noted, with Director Naomi O. Seligman and EVP Maria Smith selling shares, resulting in a decrease of their ownership percentages by 9.51% and 19.68% respectively.
• Oracle Corporation recently reported earnings of $1.70 per share, exceeding analysts' expectations, with a revenue of $15.90 billion for the quarter, reflecting a year-over-year revenue increase of 11.3%.

Edmond DE Rothschild Holding S.A. increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 38,767 shares of the enterprise software provider's stock after acquiring an additional 2,242 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Oracle were worth $5,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC raised 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 purchasing an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value 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 trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 over the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 0.3%

Shares of NYSE:ORCL opened at $222.89 on Friday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The business's fifty day simple moving average is $238.93 and its 200-day simple moving average is $186.25. The company has a market capitalization of $626.06 billion, a PE ratio of 51.36, a P/E/G ratio of 3.34 and a beta of 1.46. 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 announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $1.63 EPS. The business's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Finally, UBS Group lifted 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. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $227.04.

Oracle Company 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.

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