Oracle Corporation (NYSE:ORCL) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has increased its stake in Oracle Corporation by 0.9%, now owning 2,268,929 shares valued at approximately $317 million.
• Insider sales include EVP Maria Smith, who sold 10,000 shares for nearly $2.33 million, reducing her stake by 19.68%.
• Oracle reported a quarterly earnings per share of $1.70, exceeding estimates and reflecting a year-over-year revenue increase of 11.3%.

Natixis Advisors LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,268,929 shares of the enterprise software provider's stock after purchasing an additional 19,930 shares during the quarter. Oracle comprises approximately 0.6% of Natixis Advisors LLC's portfolio, making the stock its 25th biggest position. Natixis Advisors LLC owned approximately 0.08% of Oracle worth $317,219,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NorthRock Partners LLC boosted its holdings in shares of Oracle by 4.5% in the first quarter. NorthRock Partners LLC now owns 32,891 shares of the enterprise software provider's stock valued at $4,599,000 after acquiring an additional 1,402 shares during the period. SSA Swiss Advisors AG acquired a new stake in Oracle during the 1st quarter worth $2,630,000. North Star Asset Management Inc. boosted its stake in Oracle by 1.0% during the 1st quarter. North Star Asset Management Inc. now owns 20,660 shares of the enterprise software provider's stock worth $2,889,000 after purchasing an additional 198 shares during the period. Aegis Wealth Management LLC boosted its stake in Oracle by 6.0% during the 1st quarter. Aegis Wealth Management LLC now owns 1,754 shares of the enterprise software provider's stock worth $245,000 after purchasing an additional 100 shares during the period. Finally, Wellington Shields & Co. LLC boosted its stake in Oracle by 16.1% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,612 shares of the enterprise software provider's stock worth $505,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company'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 completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock worth $85,555,309 in the last three months. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL traded up $0.56 during trading on Wednesday, reaching $250.54. The company had a trading volume of 8,386,083 shares, compared to its average volume of 11,441,882. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $253.07. The stock has a market capitalization of $703.72 billion, a PE ratio of 57.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.39. The stock has a 50-day moving average price of $209.84 and a two-hundred day moving average price of $173.44. 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 announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Jefferies Financial Group increased their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $270.00 in a research note on Thursday, July 10th. Finally, Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and raised their target price for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.