Vectors Research Management LLC Has $4.52 Million Holdings in Oracle Corporation (NYSE:ORCL)

Vectors Research Management LLC lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 29.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,314 shares of the enterprise software provider's stock after buying an additional 7,313 shares during the quarter. Oracle comprises approximately 1.6% of Vectors Research Management LLC's holdings, making the stock its 15th largest position. Vectors Research Management LLC's holdings in Oracle were worth $4,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Invesco LLC lifted its stake in shares of Oracle by 7.8% in the first quarter. Invesco LLC now owns 108,388 shares of the enterprise software provider's stock worth $15,154,000 after buying an additional 7,865 shares during the last quarter. Retirement Guys Formula LLC acquired a new position in Oracle during the 1st quarter valued at $1,315,000. Sheets Smith Wealth Management bought a new stake in Oracle in the 1st quarter valued at $213,000. Chevy Chase Trust Holdings LLC boosted its holdings in Oracle by 0.8% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 877,829 shares of the enterprise software provider's stock valued at $122,729,000 after purchasing an additional 6,995 shares during the period. Finally, Petros Family Wealth LLC boosted its holdings in Oracle by 10.9% in the 1st quarter. Petros Family Wealth LLC now owns 3,325 shares of the enterprise software provider's stock valued at $465,000 after purchasing an additional 328 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of Oracle stock traded down $2.66 during mid-day trading on Friday, reaching $210.16. 14,120,277 shares of the stock were exchanged, compared to its average volume of 9,949,587. The company has a market cap of $590.31 billion, a price-to-earnings ratio of 48.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a 50-day simple moving average of $168.42 and a 200 day simple moving average of $162.36. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results 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. The business 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%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.63 EPS. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ORCL shares. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target for the company. Evercore ISI reissued a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Bank of America increased their price target on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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 firm'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 approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock worth $83,395,223 in the last quarter. 42.20% of the stock is owned by corporate insiders.

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.