SBI Securities Co. Ltd. Purchases 2,018 Shares of Oracle Corporation (NYSE:ORCL)

SBI Securities Co. Ltd. raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 20.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,905 shares of the enterprise software provider's stock after buying an additional 2,018 shares during the period. SBI Securities Co. Ltd.'s holdings in Oracle were worth $1,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $33,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the first quarter worth about $28,000. Finally, Iron Horse Wealth Management LLC raised its stake in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORCL. JMP Securities increased their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday. Scotiabank began coverage on shares of Oracle in a research note on Thursday. They set a "sector outperform" rating and a $300.00 price objective on the stock. Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $218.29.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock worth $84,784,653 in the last ninety days. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 1.0%

Oracle stock traded down $2.60 during midday trading on Friday, reaching $246.16. The stock had a trading volume of 6,834,042 shares, compared to its average volume of 10,325,605. The firm's fifty day simple moving average is $194.31 and its two-hundred day simple moving average is $168.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $691.41 billion, a price-to-earnings ratio of 56.75, a PEG ratio of 3.61 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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 dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.81%. Oracle's dividend payout ratio is currently 46.08%.

About Oracle

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.