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Ethic Inc. Has $26.50 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

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Key Points

  • Ethic Inc. has increased its stake in Oracle Corporation by 3.6% to 186,696 shares, valued at approximately $26.5 million, making it the company's 23rd largest holding.
  • Several institutional investors have boosted their stakes in Oracle, with notable increases from Harel Insurance (71.6% increase) and Calamos Advisors (1.5% increase).
  • Oracle's recent earnings beat analysts' forecasts, with a revenue of $15.9 billion and earnings per share of $1.70, while the company also announced a quarterly dividend of $0.50 per share.
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Ethic Inc. raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,696 shares of the enterprise software provider's stock after acquiring an additional 6,536 shares during the period. Oracle makes up about 0.5% of Ethic Inc.'s portfolio, making the stock its 23rd biggest holding. Ethic Inc.'s holdings in Oracle were worth $26,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after buying an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. grew its holdings in shares of Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after purchasing an additional 2,110 shares during the last quarter. Nuveen LLC bought a new stake in shares of Oracle during the first quarter worth about $732,692,000. Rockland Trust Co. grew its holdings 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 purchasing an additional 467 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after purchasing an additional 10,426 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORCL shares. JPMorgan Chase & Co. increased their price target on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. UBS Group raised their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, July 17th. DA Davidson lifted their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Barclays reiterated an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, BMO Capital Markets raised their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $222.75.

Get Our Latest Stock Analysis on Oracle

Insider Activity

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was 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 $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 0.3%

Shares of NYSE:ORCL opened at $244.89 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a market cap of $687.86 billion, a PE ratio of 56.43, a P/E/G ratio of 3.64 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's 50-day moving average is $229.06 and its 200 day moving average is $179.81.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 EPS. The business's revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued 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 dividend yield of 0.8%. Oracle's dividend payout ratio is 46.08%.

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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Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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