Mirae Asset Global Investments Co. Ltd. Raises Stake in Oracle Corporation (NYSE:ORCL)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,156 shares of the enterprise software provider's stock after acquiring an additional 9,071 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Oracle were worth $49,474,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC raised its holdings in Oracle by 33.4% in the first quarter. Jaffetilchin Investment Partners LLC now owns 2,458 shares of the enterprise software provider's stock worth $344,000 after buying an additional 615 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in Oracle by 0.5% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 461,619 shares of the enterprise software provider's stock worth $64,539,000 after buying an additional 2,470 shares during the last quarter. Legacy CG LLC raised its holdings in Oracle by 4.1% in the first quarter. Legacy CG LLC now owns 42,163 shares of the enterprise software provider's stock worth $5,895,000 after buying an additional 1,657 shares during the last quarter. Canvas Wealth Advisors LLC raised its holdings in Oracle by 42.0% in the first quarter. Canvas Wealth Advisors LLC now owns 5,808 shares of the enterprise software provider's stock worth $739,000 after buying an additional 1,718 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in Oracle by 30.8% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 57,386 shares of the enterprise software provider's stock worth $8,023,000 after buying an additional 13,521 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 1.2%

Shares of Oracle stock opened at $210.16 on Friday. The company has a market capitalization of $590.31 billion, a P/E ratio of 48.42, a P/E/G ratio of 3.19 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a fifty day moving average of $168.42 and a 200 day moving average of $162.36. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock valued at $83,395,223 in the last 90 days. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ORCL shares. Westpark Capital lifted their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. UBS Group set a $250.00 price target on shares of Oracle and gave the stock a "buy" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Barclays reiterated an "overweight" rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $197.67.

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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