Asset Management One Co. Ltd. raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 8.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 704,343 shares of the enterprise software provider's stock after purchasing an additional 53,035 shares during the period. Asset Management One Co. Ltd.'s holdings in Oracle were worth $98,474,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Rockland Trust Co. grew its holdings in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after buying an additional 467 shares during the last quarter. Cornerstone Advisory LLC lifted its stake in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. purchased a new stake in shares of Oracle during the 4th quarter worth about $211,000. Secure Asset Management LLC grew its holdings in shares of Oracle by 21.8% during the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after purchasing an additional 2,365 shares during the period. Finally, City National Bank of Florida MSD acquired a new stake in Oracle during the 4th quarter worth approximately $274,000. Hedge funds and other institutional investors own 42.44% of the company's stock.
Oracle Stock Performance
Shares of NYSE ORCL traded down $2.66 during trading on Friday, reaching $210.16. The stock had a trading volume of 14,120,277 shares, compared to its average volume of 9,949,586. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $590.31 billion, a PE ratio of 48.42, a P/E/G ratio of 3.16 and a beta of 1.32. Oracle Corporation has a one year low of $118.86 and a one year high of $216.93. The firm's 50 day moving average price is $166.79 and its two-hundred day moving average price is $162.13.
Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Oracle's dividend payout ratio is currently 46.08%.
Insider Buying and Selling at Oracle
In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock worth $83,395,223 over the last ninety days. Company insiders own 42.20% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on ORCL shares. Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Stephens started coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus boosted their price objective on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, June 12th. Finally, Westpark Capital upped their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.67.
View Our Latest Stock Report on ORCL
About Oracle
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Free Report)
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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