IFM Investors Pty Ltd Has $46.83 Million Stake in Oracle Corporation (NYSE:ORCL)

IFM Investors Pty Ltd grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,930 shares of the enterprise software provider's stock after acquiring an additional 27,065 shares during the quarter. IFM Investors Pty Ltd's holdings in Oracle were worth $46,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cookson Peirce & Co. Inc. boosted its position in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the period. Greenwood Gearhart Inc. boosted its position in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. WorthPointe LLC boosted its position in Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares during the last quarter. Stage Harbor Financial LLC boosted its position in Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its position in Oracle by 5.5% during the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Oracle stock traded up $7.41 during mid-day trading on Friday, reaching $237.39. 18,441,376 shares of the company were exchanged, compared to its average volume of 10,159,668. The company has a fifty day simple moving average of $178.14 and a 200-day simple moving average of $164.25. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99. 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 firm has a market cap of $666.79 billion, a PE ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39.

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, 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 for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company posted $1.63 EPS. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insiders Place Their Bets

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 value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. TD Cowen upped their price objective on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 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 stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average target price of $204.15.

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.