Lbp Am Sa Acquires 32,323 Shares of Oracle Corporation (NYSE:ORCL)

LBP AM SA increased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 394,459 shares of the enterprise software provider's stock after acquiring an additional 32,323 shares during the quarter. Oracle comprises about 0.9% of LBP AM SA's investment portfolio, making the stock its 26th biggest position. LBP AM SA's holdings in Oracle were worth $55,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Oracle during the 4th quarter valued at about $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 worth $664,810,000 after acquiring an additional 4,723,631 shares during 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares during 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 worth $26,231,127,000 after acquiring an additional 2,296,069 shares during 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 worth $512,909,000 after acquiring an additional 2,242,520 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

NYSE ORCL traded up $1.97 on Wednesday, hitting $236.47. 10,824,366 shares of the stock were exchanged, compared to its average volume of 10,235,009. The company has a market capitalization of $664.20 billion, a PE ratio of 54.49, a P/E/G ratio of 3.48 and a beta of 1.39. The business's fifty day moving average is $181.86 and its 200 day moving average is $165.14. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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 paid 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 0.85%. Oracle's payout ratio is 46.08%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 450,366 shares of company stock worth $85,433,503. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ORCL shares. Royal Bank Of Canada boosted their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. CIBC restated a "buy" rating on shares of Oracle in a report on Monday, June 9th. DA Davidson boosted their price objective on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus 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.