Oracle Corporation (NYSE:ORCL) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,011 shares of the enterprise software provider's stock after purchasing an additional 2,546 shares during the quarter. GAMMA Investing LLC's holdings in Oracle were worth $4,755,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cookson Peirce & Co. Inc. boosted its position in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the period. Greenwood Gearhart Inc. raised its stake in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after acquiring an additional 66 shares in the last quarter. WorthPointe LLC raised its stake in shares of Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after acquiring an additional 67 shares in the last quarter. CORDA Investment Management LLC. boosted its holdings in Oracle by 0.9% in the fourth quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock valued at $1,328,000 after purchasing an additional 68 shares during the period. Finally, Stage Harbor Financial LLC grew its stake in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ORCL shares. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. Finally, Evercore ISI reiterated a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $197.67.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider now owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock valued at $83,395,223 over the last quarter. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Shares of ORCL opened at $210.16 on Friday. The company's 50 day simple moving average is $168.42 and its 200-day simple moving average is $162.36. The firm has a market cap of $590.31 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.32. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $216.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is currently 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.

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