Oracle Corporation (NYSE:ORCL) Stock Position Increased by Vestcor Inc

Key Points

• Vestcor Inc has increased its stake in Oracle Corporation by 9.8%, owning 110,789 shares worth approximately $15.49 million after acquiring an additional 9,857 shares.
• Oracle reported a quarterly earnings per share (EPS) of $1.70, exceeding analysts' estimates by $0.06, and achieved revenue of $15.90 billion, up 11.3% compared to the same quarter last year.
• The company recently announced a quarterly dividend of $0.50 per share, with a dividend yield of 0.80% and a payout ratio of 46.08%.

Vestcor Inc grew its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,789 shares of the enterprise software provider's stock after purchasing an additional 9,857 shares during the quarter. Vestcor Inc's holdings in Oracle were worth $15,489,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC boosted its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter worth about $30,000. Finally, Hurley Capital LLC acquired a new position in Oracle during the fourth quarter worth $33,000. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock valued at $85,555,309 over the last three months. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Up 0.2%

Shares of NYSE ORCL traded up $0.56 during trading on Wednesday, hitting $250.54. 8,386,083 shares of the company traded hands, compared to its average volume of 11,441,882. 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 Corporation has a 1 year low of $118.86 and a 1 year high of $253.07. The firm has a market capitalization of $703.72 billion, a P/E ratio of 57.73, a P/E/G ratio of 3.73 and a beta of 1.39. The company has a 50-day moving average price of $209.84 and a 200-day moving average price of $173.44.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during 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 business's quarterly 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 earnings per share. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Oracle's payout ratio is 46.08%.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and boosted their target price for the company from $180.00 to $250.00 in a report on Monday, June 30th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, Guggenheim increased their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $218.29.

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.