Chevy Chase Trust Holdings LLC Acquires 6,995 Shares of Oracle Corporation (NYSE:ORCL)

Chevy Chase Trust Holdings LLC grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 877,829 shares of the enterprise software provider's stock after purchasing an additional 6,995 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Oracle were worth $122,729,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the period. FMR LLC lifted its stake in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC lifted its stake in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. raised its stake in shares of Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Oracle stock traded down $2.66 during midday trading on Friday, reaching $210.16. 14,120,277 shares of the company's stock were exchanged, compared to its average volume of 9,949,587. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.93. The firm has a market cap of $590.31 billion, a price-to-earnings ratio of 48.42, a P/E/G ratio of 3.19 and a beta of 1.32. The stock's 50-day simple moving average is $168.42 and its 200 day simple moving average is $162.36. 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 (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 company posted $1.63 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. On average, analysts expect that Oracle Corporation will post 5 earnings per share 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 given 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 0.95%. Oracle's payout ratio is 46.08%.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,366 shares of company stock worth $83,395,223. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. KeyCorp lifted their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Citigroup reissued an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Royal Bank Of Canada raised their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $197.67.

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.