Madison Asset Management LLC Has $25.97 Million Position in Oracle Corporation (NYSE:ORCL)

Madison Asset Management LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,722 shares of the enterprise software provider's stock after acquiring an additional 19,693 shares during the period. Madison Asset Management LLC's holdings in Oracle were worth $25,966,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Close Asset Management Ltd raised its position in shares of Oracle by 40.7% during the 1st quarter. Close Asset Management Ltd now owns 22,577 shares of the enterprise software provider's stock valued at $3,157,000 after buying an additional 6,527 shares during the period. Granite Group Advisors LLC increased its position in shares of Oracle by 28.3% during the first quarter. Granite Group Advisors LLC now owns 2,726 shares of the enterprise software provider's stock worth $381,000 after acquiring an additional 601 shares during the period. Oak Thistle LLC purchased a new stake in shares of Oracle during the first quarter worth $518,000. Gratus Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter worth $1,041,000. Finally, Beacon Investment Advisory Services Inc. grew its stake in shares of Oracle by 9.3% during the first quarter. Beacon Investment Advisory Services Inc. now owns 8,755 shares of the enterprise software provider's stock worth $1,224,000 after purchasing an additional 748 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Barclays restated an "overweight" rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Royal Bank Of Canada increased their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and increased their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 448,669 shares of company stock worth $85,555,309. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Oracle stock traded up $2.22 during mid-day trading on Friday, reaching $245.05. The company had a trading volume of 7,146,126 shares, compared to its average volume of 13,472,494. The company has a 50 day moving average of $204.42 and a 200-day moving average of $171.59. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market cap of $688.31 billion, a price-to-earnings ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results 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 analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. On average, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is presently 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.