Oracle Corporation (NYSE:ORCL) Shares Acquired by Lbp Am Sa

LBP AM SA boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 394,459 shares of the enterprise software provider's stock after buying an additional 32,323 shares during the quarter. Oracle accounts for about 0.9% of LBP AM SA's portfolio, making the stock its 26th largest holding. LBP AM SA's holdings in Oracle were worth $55,149,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter worth approximately $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $28,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the transaction, the director owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 450,366 shares of company stock valued at $85,433,503. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of Oracle stock traded down $0.73 during trading hours on Thursday, reaching $235.08. 11,470,190 shares of the company's stock were exchanged, compared to its average volume of 10,239,208. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The company has a market capitalization of $660.30 billion, a P/E ratio of 54.17, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The business has a fifty day moving average of $185.56 and a two-hundred day moving average of $166.09. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, research analysts predict 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. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. BMO Capital Markets lifted their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.33.

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.