Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Purchases Shares of 11,356 Oracle Corporation (NYSE:ORCL)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,356 shares of the enterprise software provider's stock, valued at approximately $1,588,000.

A number of other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of Oracle by 4.3% in the first quarter. Proficio Capital Partners LLC now owns 27,997 shares of the enterprise software provider's stock worth $3,962,000 after buying an additional 1,144 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Oracle by 2.4% in the first quarter. KLP Kapitalforvaltning AS now owns 576,122 shares of the enterprise software provider's stock valued at $80,548,000 after acquiring an additional 13,400 shares during the period. Alecta Tjanstepension Omsesidigt boosted its position in Oracle by 362.8% in the 1st quarter. Alecta Tjanstepension Omsesidigt now owns 833,000 shares of the enterprise software provider's stock worth $116,453,000 after purchasing an additional 653,000 shares in the last quarter. VCI Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $1,265,000. Finally, WMG Financial Advisors LLC purchased a new position in shares of Oracle during the 1st quarter valued at approximately $374,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $5.17 during mid-day trading on Tuesday, hitting $238.37. 11,355,365 shares of the stock were exchanged, compared to its average volume of 10,382,318. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $251.60. 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 stock has a market capitalization of $669.53 billion, a price-to-earnings ratio of 54.92, a P/E/G ratio of 3.63 and a beta of 1.39. The stock's fifty day simple moving average is $196.21 and its two-hundred day simple moving average is $168.97.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 business's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. On average, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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 $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. Oracle's dividend payout ratio is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction 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 dated Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of research analyst reports. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and lifted their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Finally, Barclays reiterated an "overweight" rating and issued a $221.00 price objective (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Nine analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $218.29.

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.