Ieq Capital LLC Has $22.50 Million Holdings in Oracle Corporation $ORCL

Key Points

• Ieq Capital LLC increased its stake in Oracle Corporation by 11.4% in the first quarter, raising their holdings to approximately $22.50 million worth of shares.
• Several hedge funds, including Vanguard Group, have also increased their positions in Oracle, reflecting strong institutional interest with 42.44% of the stock currently owned by institutional investors.
• Oracle reported a quarterly EPS of $1.70, beating estimates, and announced a quarterly dividend of $0.50 per share with an annualized yield of 0.9%.

Ieq Capital LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,896 shares of the enterprise software provider's stock after buying an additional 16,433 shares during the quarter. Ieq Capital LLC's holdings in Oracle were worth $22,495,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORCL. Vanguard Group Inc. increased its position in Oracle by 2.2% in 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 purchasing an additional 3,513,464 shares during the period. Northern Trust Corp raised its stake in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after buying an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 acquiring an additional 2,350,448 shares during the last quarter. Polen Capital Management LLC grew its position in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after buying an additional 1,885,370 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after acquiring an additional 94,236 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. Bank of America lifted their price target on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Evercore ISI upped their target price on Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, JMP Securities lifted their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $227.04.

Oracle Stock Down 0.4%

Oracle stock opened at $234.57 on Wednesday. The firm has a market cap of $658.85 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 3.51 and a beta of 1.43. 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 12 month low of $118.86 and a 12 month high of $260.87. The stock has a fifty day simple moving average of $236.39 and a two-hundred day simple moving average of $183.72.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. Equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle's dividend payout ratio is 46.08%.

Insider Activity

In related news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the transaction, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.

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.

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