Global Assets Advisory LLC Buys 3,992 Shares of Oracle Corporation (NYSE:ORCL)

Global Assets Advisory LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 107.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,707 shares of the enterprise software provider's stock after buying an additional 3,992 shares during the period. Global Assets Advisory LLC's holdings in Oracle were worth $1,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. FMR LLC raised its holdings in Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC lifted its position in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Franklin Resources Inc. grew its holdings in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp increased its position in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 in the last ninety days. 42.20% of the stock is owned by company insiders.

Oracle Trading Down 1.2%

Shares of NYSE:ORCL traded down $2.66 during trading on Friday, hitting $210.16. The company had a trading volume of 14,120,277 shares, compared to its average volume of 9,949,587. The stock has a market cap of $590.31 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.32. 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 company has a fifty day simple moving average of $168.42 and a two-hundred day simple moving average of $162.36. Oracle Corporation has a one year low of $118.86 and a one year high of $216.93.

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 (EPS) 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 company 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. Oracle's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on ORCL shares. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Piper Sandler reiterated a "neutral" rating and issued a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Evercore ISI reissued a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. UBS Group set a $250.00 target price on shares of Oracle and gave the company a "buy" rating in a research note on Wednesday. Finally, Bank of America increased their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $197.67.

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.