Financial Engines Advisors L.L.C. Grows Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Financial Engines Advisors L.L.C. increased its holdings in Oracle Corporation by 16.4%, acquiring an additional 1,284 shares to reach 9,133 shares valued at approximately $1.28 million.
• Oracle's latest quarterly report showed an earnings per share (EPS) of $1.70, exceeding forecasts and contributing to a revenue of $15.90 billion, which reflects a year-over-year increase of 11.3%.
• The company recently declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 0.8%, with a confirmed dividend payout ratio of 46.08%.

Financial Engines Advisors L.L.C. raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 16.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,133 shares of the enterprise software provider's stock after buying an additional 1,284 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in Oracle were worth $1,277,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Nuveen LLC purchased a new stake in Oracle during the first quarter worth about $732,692,000. GAMMA Investing LLC increased its stake in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares during the period. Vanguard Group Inc. increased its stake in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oracle by 20.5% during 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 buying an additional 2,350,448 shares during the period. 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 worth $512,909,000 after buying an additional 2,242,520 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. KeyCorp upped their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities upped their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $222.75.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.86 during mid-day trading on Tuesday, hitting $253.54. 9,996,446 shares of the company were exchanged, compared to its average volume of 10,145,522. 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 50 day simple moving average of $226.06 and a 200-day simple moving average of $178.76. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The firm has a market cap of $712.15 billion, a price-to-earnings ratio of 58.42, a price-to-earnings-growth ratio of 3.77 and a beta of 1.43.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the company earned $1.63 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction 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 completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by company insiders.

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.