Mather Group LLC. Raises Stock Position in Oracle Corporation (NYSE:ORCL)

Mather Group LLC. increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,607 shares of the enterprise software provider's stock after acquiring an additional 1,682 shares during the quarter. Mather Group LLC.'s holdings in Oracle were worth $3,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alta Advisers Ltd increased its position in shares of Oracle by 48.9% during the first quarter. Alta Advisers Ltd now owns 7,918 shares of the enterprise software provider's stock worth $1,107,000 after purchasing an additional 2,600 shares in the last quarter. Hixon Zuercher LLC increased its position in Oracle by 2.0% during the 1st quarter. Hixon Zuercher LLC now owns 13,549 shares of the enterprise software provider's stock valued at $1,894,000 after buying an additional 268 shares in the last quarter. New Millennium Group LLC raised its stake in Oracle by 21.1% in the first quarter. New Millennium Group LLC now owns 7,072 shares of the enterprise software provider's stock valued at $989,000 after buying an additional 1,233 shares during the last quarter. Smith Salley Wealth Management boosted its holdings in Oracle by 9.9% in the first quarter. Smith Salley Wealth Management now owns 4,592 shares of the enterprise software provider's stock worth $642,000 after acquiring an additional 412 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Oracle during the first quarter worth about $88,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 4.2%

ORCL stock opened at $218.98 on Tuesday. The stock has a market cap of $615.08 billion, a price-to-earnings ratio of 50.46, a PEG ratio of 3.15 and a beta of 1.32. The business's 50-day moving average is $170.34 and its 200 day moving average is $162.47. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $228.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm posted $1.63 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 over the last ninety days. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ORCL shares. Mizuho lowered their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. JMP Securities set a $240.00 price target on Oracle and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Barclays reiterated 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. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average target price of $200.26.

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.

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