Oracle Corporation (NYSE:ORCL) Shares Acquired by Hendley & Co. Inc.

Hendley & Co. Inc. grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 8.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,739 shares of the enterprise software provider's stock after buying an additional 2,605 shares during the period. Oracle accounts for about 1.6% of Hendley & Co. Inc.'s holdings, making the stock its 19th biggest holding. Hendley & Co. Inc.'s holdings in Oracle were worth $4,577,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter valued at about $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL stock traded up $5.30 on Tuesday, hitting $237.56. The company's stock had a trading volume of 12,541,743 shares, compared to its average volume of 10,196,179. The firm has a 50 day moving average of $179.98 and a two-hundred day moving average of $164.65. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.18. The stock has a market cap of $667.27 billion, a price-to-earnings ratio of 54.74, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. 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 released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS 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 the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle's payout ratio is currently 46.08%.

Insider Activity

In other Oracle 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 owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% 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, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 440,366 shares of company stock worth $83,103,603 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ORCL. Bank of America lifted their price target on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Barclays reissued an "overweight" rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. UBS Group set a $250.00 price objective on shares of Oracle and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

About Oracle

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.