Great Lakes Advisors LLC Has $55.22 Million Holdings in Oracle Corporation $ORCL

Key Points

• Great Lakes Advisors LLC increased its stake in Oracle Corporation by 1.2%, acquiring an additional 4,656 shares during the first quarter, raising its total holdings to 394,730 shares valued at approximately $55.2 million.
• Oracle reported earnings per share (EPS) of $1.70 for the latest quarter, exceeding estimates and reflecting a 11.3% year-over-year revenue growth to $15.90 billion.
• The company also announced a quarterly dividend of $0.50 per share, representing an annualized yield of 0.9%, with a current payout ratio of 46.08%.

Great Lakes Advisors LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 394,730 shares of the enterprise software provider's stock after acquiring an additional 4,656 shares during the quarter. Great Lakes Advisors LLC's holdings in Oracle were worth $55,215,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC increased its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the fourth quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the company's stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Melius Research lifted their price target on Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a research note on Wednesday. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Piper Sandler increased their target price on shares of Oracle from $270.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday. Stifel Nicolaus lifted their price target on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday. Finally, DA Davidson upped their price objective on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $291.23.

Oracle Trading Up 36.0%

ORCL traded up $86.89 during trading on Wednesday, reaching $328.40. 131,092,718 shares of the company's stock were exchanged, compared to its average volume of 12,084,960. 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 Corporation has a one year low of $118.86 and a one year high of $345.72. The firm has a fifty day moving average price of $240.23 and a two-hundred day moving average price of $187.60. The stock has a market capitalization of $922.41 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 80.42%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.6%. Oracle's payout ratio is presently 46.08%.

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.