Krane Funds Advisors LLC Acquires 1,837 Shares of Oracle Corporation (NYSE:ORCL)

Krane Funds Advisors LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 109.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,516 shares of the enterprise software provider's stock after purchasing an additional 1,837 shares during the quarter. Krane Funds Advisors LLC's holdings in Oracle were worth $492,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new position in shares of Oracle in the 4th quarter valued at approximately $222,000. Scratch Capital LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $367,000. Finally, Alta Capital Management LLC grew its position in shares of Oracle by 44.0% during the fourth quarter. Alta Capital Management LLC now owns 17,327 shares of the enterprise software provider's stock worth $2,887,000 after buying an additional 5,298 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 in the last three months. Insiders own 42.20% of the company's stock.

Oracle Stock Up 5.3%

ORCL traded up $11.59 during trading on Wednesday, reaching $230.55. The company had a trading volume of 22,268,986 shares, compared to its average volume of 10,064,353. The business's fifty day moving average price is $172.18 and its 200 day moving average price is $162.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $231.91. The company has a market cap of $647.58 billion, a P/E ratio of 53.12, a PEG ratio of 3.28 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORCL. Westpark Capital lifted their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. UBS Group set a $250.00 price target on shares of Oracle and gave the stock a "buy" rating in a research report on Wednesday, June 25th. BMO Capital Markets boosted their price objective on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Ten research 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $200.63.

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.