Hager Investment Management Services LLC Buys 9,213 Shares of Oracle Corporation (NYSE:ORCL)

Hager Investment Management Services LLC grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 308.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,200 shares of the enterprise software provider's stock after acquiring an additional 9,213 shares during the quarter. Oracle accounts for 1.2% of Hager Investment Management Services LLC's portfolio, making the stock its 28th largest holding. Hager Investment Management Services LLC's holdings in Oracle were worth $1,706,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ORCL. Norges Bank acquired a new position in shares of Oracle in the fourth quarter valued at $2,216,314,000. GAMMA Investing LLC raised its stake in shares of Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. raised 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 purchasing an additional 2,296,069 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Oracle by 268.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of ORCL stock traded up $6.29 during trading hours on Wednesday, hitting $241.25. 12,555,899 shares of the company's stock were exchanged, compared to its average volume of 10,304,773. The stock's 50-day moving average is $192.33 and its 200-day moving average is $167.83. 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 stock has a market cap of $677.64 billion, a price-to-earnings ratio of 55.59, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $242.03.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. As a group, research analysts forecast 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. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at approximately $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 valued at $84,784,653 over the last 90 days. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. Evercore ISI upped their target price on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday, June 10th. Guggenheim increased their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, DA Davidson increased their price objective on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.37.

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.