Exchange Traded Concepts LLC Acquires 53,627 Shares of Oracle Corporation (NYSE:ORCL)

Exchange Traded Concepts LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 1,811.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,587 shares of the enterprise software provider's stock after buying an additional 53,627 shares during the period. Exchange Traded Concepts LLC's holdings in Oracle were worth $7,911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital & Planning LLC increased its stake in shares of Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Oracle during the 4th quarter valued at $51,084,000. Revolve Wealth Partners LLC lifted its holdings in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its holdings in Oracle by 22.0% in the 4th quarter. WealthPLAN Partners LLC now owns 3,843 shares of the enterprise software provider's stock worth $640,000 after buying an additional 693 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research note on Wednesday. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Stephens initiated coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $195.39.

Oracle Price Performance

NYSE:ORCL traded up $2.45 during trading hours on Wednesday, reaching $210.63. 15,046,293 shares of the company's stock were exchanged, compared to its average volume of 9,813,170. The company has a market capitalization of $589.13 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 3.12 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business's 50-day simple moving average is $157.39 and its two-hundred day simple moving average is $161.16.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period last year, the firm posted $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock valued at $80,183,723 in the last quarter. Company insiders own 42.20% of the company's stock.

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.