QRG Capital Management Inc. Has $34.89 Million Position in Oracle Corporation (NYSE:ORCL)

QRG Capital Management Inc. increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 32.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,540 shares of the enterprise software provider's stock after buying an additional 61,655 shares during the quarter. QRG Capital Management Inc.'s holdings in Oracle were worth $34,888,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the 4th quarter valued at $34,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the 4th quarter worth $36,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Oracle during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ORCL shares. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research report on Friday. Evercore ISI reissued an "outperform" rating and set a $215.00 price objective (up from $180.00) on shares of Oracle in a research report on Thursday, June 12th. Morgan Stanley reissued a "positive" rating on shares of Oracle in a research report on Monday, June 9th. DA Davidson boosted their price objective on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Mizuho lowered 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. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $194.32.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 over the last three months. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Down 1.5%

ORCL traded down $3.25 during mid-day trading on Tuesday, reaching $207.85. The stock had a trading volume of 17,773,112 shares, compared to its average volume of 9,799,461. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60. The firm's fifty day simple moving average is $154.61 and its two-hundred day simple moving average is $160.49. The stock has a market capitalization of $581.34 billion, a P/E ratio of 47.89, a P/E/G ratio of 3.13 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.96%. Oracle's dividend payout ratio (DPR) is 46.08%.

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.