Jump Financial LLC Takes $16.80 Million Position in Oracle Corporation $ORCL

Key Points

• Jump Financial LLC acquired a new stake in Oracle Corporation, purchasing 120,132 shares valued at approximately $16.8 million in the first quarter.
• Research analysts are optimistic, with many institutions issuing buy ratings and price targets for Oracle, including targets as high as $300.00.
• Oracle recently announced a quarterly dividend of $0.50 per share, equating to an annual yield of 0.8%, with a payout ratio of 46.08%.

Jump Financial LLC bought a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,132 shares of the enterprise software provider's stock, valued at approximately $16,796,000.

Several other hedge funds have also recently made changes to their positions in the company. Cadence Bank raised its stake in shares of Oracle by 1.0% in the first quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock valued at $1,040,000 after buying an additional 71 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Oracle by 5.9% in the first quarter. Smartleaf Asset Management LLC now owns 19,959 shares of the enterprise software provider's stock valued at $2,812,000 after buying an additional 1,119 shares during the period. Bahl & Gaynor Inc. raised its stake in shares of Oracle by 35.5% in the first quarter. Bahl & Gaynor Inc. now owns 253,948 shares of the enterprise software provider's stock valued at $35,504,000 after buying an additional 66,486 shares during the period. Westwood Wealth Management raised its stake in shares of Oracle by 29.2% in the first quarter. Westwood Wealth Management now owns 6,975 shares of the enterprise software provider's stock valued at $975,000 after buying an additional 1,575 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Oracle by 131.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 409,888 shares of the enterprise software provider's stock valued at $57,306,000 after buying an additional 232,647 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at $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. In the last three months, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle Price Performance

Oracle stock traded up $3.0070 during midday trading on Friday, hitting $236.1670. 9,333,223 shares of the company's stock were exchanged, compared to its average volume of 10,425,400. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The stock has a 50-day moving average price of $235.36 and a two-hundred day moving average price of $182.94. 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 company has a market cap of $663.35 billion, a P/E ratio of 54.42, a PEG ratio of 3.53 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the business earned $1.63 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORCL shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim lifted their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. JMP Securities lifted their price target on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research report on Friday, July 18th. Finally, BMO Capital Markets lifted their price target on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $227.04.

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.