Lockheed Martin Investment Management Co. Grows Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Lockheed Martin Investment Management Co. increased its holdings in Oracle Corporation by 4.3%, bringing its total shares owned to 51,350, valued at $7.18 million.
• Other institutional investors, including Nuveen LLC and GAMMA Investing LLC, have also made significant investments in Oracle during the first quarter, with GAMMA experiencing a 15,012.3% increase in holdings.
• Oracle's recent earnings report showed an EPS of $1.70, exceeding estimates, with a revenue of $15.9 billion, reflecting an 11.3% year-over-year increase.

Lockheed Martin Investment Management Co. grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,350 shares of the enterprise software provider's stock after buying an additional 2,110 shares during the quarter. Lockheed Martin Investment Management Co.'s holdings in Oracle were worth $7,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 0.3%

NYSE ORCL traded up $0.65 during trading hours on Friday, reaching $250.04. 8,301,832 shares of the company's stock traded hands, compared to its average volume of 10,261,765. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The firm has a market cap of $702.32 billion, a PE ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. The firm has a 50-day simple moving average of $222.64 and a 200 day simple moving average of $177.75. 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 (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period last year, the company posted $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Ratings Changes

A number of equities analysts recently commented on ORCL shares. BMO Capital Markets lifted their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. UBS Group lifted their target price on shares of Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Mizuho decreased their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $222.75.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated 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 transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated 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 completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 over the last 90 days. 42.20% of the stock is currently owned by insiders.

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.