Oracle Corporation (NYSE:ORCL) Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 71.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 687,000 shares of the enterprise software provider's stock after purchasing an additional 286,987 shares during the period. Oracle comprises approximately 1.3% of Migdal Insurance & Financial Holdings Ltd.'s holdings, making the stock its 23rd largest position. Migdal Insurance & Financial Holdings Ltd.'s holdings in Oracle were worth $96,049,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Finally, Hurley Capital LLC purchased a new position in shares of Oracle during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORCL shares. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $190.00 to $270.00 in a research note on Thursday, July 10th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, Mizuho lowered their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of ORCL stock opened at $248.37 on Friday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. 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 has a market capitalization of $697.62 billion, a P/E ratio of 57.14, a P/E/G ratio of 3.61 and a beta of 1.39. The company's fifty day moving average price is $194.31 and its two-hundred day moving average price is $168.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 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 firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed 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 0.81%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Oracle Company 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.

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