Harel Insurance Investments & Financial Services Ltd. Acquires 107,404 Shares of Oracle Corporation (NYSE:ORCL)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 71.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,378 shares of the enterprise software provider's stock after buying an additional 107,404 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Oracle were worth $35,984,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter worth approximately $28,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter worth approximately $33,000. Finally, Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $34,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at approximately $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 three months, insiders have sold 440,366 shares of company stock valued at $83,103,603. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ORCL shares. Bank of America increased their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Piper Sandler reissued a "neutral" rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $204.15.

Oracle Price Performance

ORCL traded up $7.41 on Friday, reaching $237.39. The stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $237.99. The firm has a 50-day moving average of $176.16 and a 200-day moving average of $163.79.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle's payout ratio is 46.08%.

Oracle 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.