Oracle Corporation (NYSE:ORCL) Position Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,437 shares of the enterprise software provider's stock after acquiring an additional 55,896 shares during the quarter. Oracle makes up 0.6% of Oppenheimer Asset Management Inc.'s investment portfolio, making the stock its 26th largest holding. Oppenheimer Asset Management Inc.'s holdings in Oracle were worth $50,672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Brighton Jones LLC grew its stake in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Oracle in the 4th quarter worth approximately $51,084,000. Revolve Wealth Partners LLC lifted its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the last quarter. Fisher Funds Management LTD acquired a new position in shares of Oracle during the fourth quarter worth approximately $27,066,000. Finally, Marshall Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on ORCL shares. Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday. Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Evercore ISI reissued a "buy" rating on shares of Oracle in a research note on Wednesday. Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Westpark Capital increased their price objective on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Price Performance

Oracle stock opened at $205.06 on Monday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 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 stock has a market capitalization of $575.96 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32. The stock has a fifty day moving average of $160.39 and a 200-day moving average of $161.16.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the firm earned $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. Oracle's dividend payout ratio is currently 46.08%.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last 90 days. Insiders own 42.20% of the company's stock.

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.

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