Oracle Corporation (NYSE:ORCL) Shares Acquired by Mengis Capital Management Inc.

Key Points

• Mengis Capital Management Inc. increased its stake in Oracle Corporation by 40.7% in Q1, owning a total of 5,878 shares valued at approximately $822,000.
• In recent insider transactions, Director Rona Alison Fairhead bought 480 shares for $112,257.60, while Clayton M. Magouyrk sold 15,000 shares valued at over $3 million.
• Oracle's quarterly earnings report showed a net margin of 21.68%, with a revenue of $15.90 billion, surpassing analyst estimates of $15.58 billion.

Mengis Capital Management Inc. raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 40.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,878 shares of the enterprise software provider's stock after acquiring an additional 1,700 shares during the period. Mengis Capital Management Inc.'s holdings in Oracle were worth $822,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after buying an additional 2,242,520 shares during the period. Northern Trust Corp increased its stake in Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Oracle during the 4th quarter worth approximately $216,047,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 3.7%

Shares of Oracle stock traded down $9.33 during trading hours on Friday, hitting $244.44. The company had a trading volume of 12,500,927 shares, compared to its average volume of 10,602,974. The company's 50-day moving average is $213.55 and its two-hundred day moving average is $174.74. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $686.59 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 3.79 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. Analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's payout ratio is currently 46.08%.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. Bank of America upped their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Evercore ISI upped their target price on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Barclays reiterated an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. TD Cowen boosted their price target on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Buying and Selling

In other Oracle news, Director Rona Alison Fairhead acquired 480 shares of the company's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were 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 owned 60,722 shares in the company, valued at approximately $13,000,580.20. This 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 431,169 shares of company stock valued at $82,908,609 in the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle Company 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.