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

LBP AM SA raised its holdings 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. The fund owned 394,459 shares of the enterprise software provider's stock after buying an additional 32,323 shares during the period. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter valued at approximately $33,000. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter valued at approximately $28,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 0.4%

Oracle stock traded up $0.96 during mid-day trading on Thursday, reaching $236.27. 6,800,468 shares of the company traded hands, compared to its average volume of 12,297,276. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm's 50 day moving average price is $183.77 and its 200 day moving average price is $165.63. The firm has a market capitalization of $663.65 billion, a price-to-earnings ratio of 54.44, a P/E/G ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $241.44.

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, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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 given a $0.50 dividend. 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 dividend payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities set a $240.00 target price on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. DA Davidson lifted their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $209.33.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 450,366 shares of company stock worth $85,433,503 over the last quarter. 42.20% of the stock is owned by insiders.

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.