Neville Rodie & Shaw Inc. Boosts Stock Holdings in Oracle Corporation $ORCL

Key Points

• Neville Rodie & Shaw Inc. increased its stake in Oracle Corporation by 4.8% in the 2nd quarter, owning a total of 189,857 shares worth approximately $41.5 million, making it the firm's 6th largest stock position.
• Insider Michael D. Sicilia sold 15,880 shares valued at over $4 million, reducing his stake by 13.80%, while director Rona Alison Fairhead increased her holding by purchasing 480 shares.
• Research analysts have a mostly positive outlook on Oracle, with a recent price target increase from $270 to $360 by Jefferies Financial Group, contributing to an overall "Moderate Buy" consensus.

Neville Rodie & Shaw Inc. boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,857 shares of the enterprise software provider's stock after acquiring an additional 8,735 shares during the quarter. Oracle accounts for 3.1% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 6th largest position. Neville Rodie & Shaw Inc.'s holdings in Oracle were worth $41,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. Northern Trust Corp boosted its position in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after purchasing an additional 59,164 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Oracle by 20.5% during the fourth 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 valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the last quarter. Finally, Amundi boosted its position in Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after purchasing an additional 409,691 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the transaction, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rona Alison Fairhead purchased 480 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 44,183 shares of company stock worth $10,353,198 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on ORCL shares. Jefferies Financial Group increased their price target on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Scotiabank restated an "outperform" rating on shares of Oracle in a research note on Wednesday. Finally, Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $295.00 to $368.00 in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $296.84.

Oracle Stock Down 5.1%

Shares of ORCL opened at $292.07 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The firm has a market cap of $820.38 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The firm's 50-day simple moving average is $244.69 and its 200 day simple moving average is $190.37. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle's dividend payout ratio is 46.30%.

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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