Lountzis Asset Management LLC Raises Stock Holdings in Oracle Corporation (NYSE:ORCL)

Lountzis Asset Management LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 49.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,341 shares of the enterprise software provider's stock after purchasing an additional 29,786 shares during the quarter. Oracle accounts for about 4.8% of Lountzis Asset Management LLC's portfolio, making the stock its 6th biggest position. Lountzis Asset Management LLC's holdings in Oracle were worth $12,660,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after buying an additional 107,404 shares in the last quarter. Rockland Trust Co. grew its stake in Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Calamos Advisors LLC grew its stake in Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC grew its stake in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. bought a new position in Oracle in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORCL shares. TD Cowen raised their price target on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. BMO Capital Markets raised their price target on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Mizuho reduced their target price on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, KeyCorp lifted their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $209.33.

Insider Buying and Selling

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction 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 completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

NYSE ORCL traded down $4.27 during midday trading on Friday, hitting $230.73. The company had a trading volume of 6,988,473 shares, compared to its average volume of 10,227,519. The company has a market capitalization of $648.09 billion, a PE ratio of 53.13, a P/E/G ratio of 3.53 and a beta of 1.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $185.56 and a 200-day moving average price of $166.09. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 firm 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 firm earned $1.63 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm 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. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Oracle's payout ratio is 46.08%.

Oracle 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.