Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Buys Shares of 21,990 Oracle Corporation (NYSE:ORCL)

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired 21,990 shares of Oracle Corporation for approximately $3,073,000 in the first quarter of 2023, according to their 13F filing with the SEC.
• Oracle recently reported $1.70 EPS for the quarter, exceeding estimates, with revenue of $15.90 billion, reflecting an 11.3% year-over-year growth.
• Multiple hedge funds, including GAMMA Investing LLC and UBS AM, have significantly increased their stakes in Oracle, indicating strong institutional interest with 42.44% of the stock owned by hedge funds and other institutional investors.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,990 shares of the enterprise software provider's stock, valued at approximately $3,073,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% during the 4th 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after acquiring an additional 2,242,520 shares in the last quarter. Northern Trust Corp lifted its position in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $245.05 on Friday. The stock has a market capitalization of $688.31 billion, a price-to-earnings ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39. 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's 50 day simple moving average is $204.42 and its 200-day simple moving average is $171.59. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, BMO Capital Markets upped their price objective on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on 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 transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,669 shares of company stock valued at $85,555,309. Corporate insiders own 42.20% of the company's stock.

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.

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