J.Safra Asset Management Corp Has $866,000 Stock Holdings in Oracle Corporation (NYSE:ORCL)

J.Safra Asset Management Corp raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 66.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,197 shares of the enterprise software provider's stock after buying an additional 2,483 shares during the period. J.Safra Asset Management Corp's holdings in Oracle were worth $866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Inlight Wealth Management LLC bought a new position in Oracle during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new position in Oracle during the fourth quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter worth about $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Oracle stock opened at $210.16 on Monday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $226.52. The firm has a market cap of $590.31 billion, a P/E ratio of 48.42, a P/E/G ratio of 3.15 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The business's fifty day moving average is $168.42 and its two-hundred day moving average is $162.15.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company earned $1.63 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. 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 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last three months. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORCL shares. Cowen restated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Stephens assumed coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Finally, Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and upped their price target for the company from $180.00 to $250.00 in a report on Monday. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.