Jacobi Capital Management LLC Has $3.34 Million Stock Holdings in Oracle Corporation $ORCL

Key Points

• Jacobi Capital Management LLC increased its stake in Oracle Corporation by 10.8%, holding shares worth $3.34 million after buying an additional 2,331 shares in the first quarter.
• Oracle Corporation reported a 21.08% net margin and a year-over-year revenue increase of 11.3%, with earnings per share of $1.70, surpassing analysts' expectations of $1.64.
• The company recently announced a $0.50 quarterly dividend, representing an annualized yield of 0.6%, to be paid to shareholders of record on October 9th.

Jacobi Capital Management LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 10.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,887 shares of the enterprise software provider's stock after purchasing an additional 2,331 shares during the quarter. Jacobi Capital Management LLC's holdings in Oracle were worth $3,340,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Oracle by 0.6% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after buying an additional 59,164 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $2,303,858,000 after buying an additional 2,350,448 shares during the last quarter. Finally, Amundi grew its holdings in shares of Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after buying an additional 409,691 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were 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 owned 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. Over the last quarter, insiders sold 44,183 shares of company stock valued at $10,353,198. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Up 36.0%

ORCL opened at $328.40 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market cap of $922.41 billion, a price-to-earnings ratio of 76.02, a PEG ratio of 3.61 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company's 50-day moving average price is $242.19 and its two-hundred day moving average price is $188.57.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 80.42%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is presently 46.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ORCL shares. Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Wednesday. Evercore ISI lifted their price objective on shares of Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday. Melius Research lifted their price objective on shares of Oracle from $270.00 to $370.00 and gave the company a "buy" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Mizuho upped their price objective on shares of Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $296.84.

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.

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