Massachusetts Financial Services Co. MA Has $339.40 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Massachusetts Financial Services Co. MA decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,427,549 shares of the enterprise software provider's stock after selling 263,760 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.09% of Oracle worth $339,396,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Greenwood Gearhart Inc. increased its position in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares in the last quarter. WorthPointe LLC increased its holdings in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares in the last quarter. Stage Harbor Financial LLC increased its holdings in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after purchasing an additional 70 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. increased its holdings in Oracle by 1.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ORCL. UBS Group increased their target price on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group increased their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, Barclays reiterated an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $218.29.

Oracle Price Performance

Shares of NYSE ORCL traded down $2.76 during midday trading on Friday, reaching $245.99. 6,834,042 shares of the company were exchanged, compared to its average volume of 10,325,892. The stock's 50-day moving average price is $194.31 and its 200-day moving average price is $168.39. The stock has a market cap of $690.95 billion, a P/E ratio of 56.75, a PEG ratio of 3.61 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year 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.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for 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 company's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, sell-side 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 issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.81%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock valued at $84,784,653 in the last quarter. Insiders own 42.20% of the company's stock.

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.