Xponance Inc. raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 378,082 shares of the enterprise software provider's stock after acquiring an additional 11,724 shares during the quarter. Oracle accounts for about 0.5% of Xponance Inc.'s holdings, making the stock its 27th biggest position. Xponance Inc.'s holdings in Oracle were worth $52,860,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in ORCL. Vanguard Group Inc. grew its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the last quarter. FMR LLC grew its position in shares of Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $250.00 in a report on Monday, June 30th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, TD Cowen raised their target price on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $209.33.
Check Out Our Latest Stock Report on Oracle
Oracle Trading Down 0.3%
Shares of ORCL opened at $235.08 on Friday. The company has a current ratio of 0.75, a quick 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 $241.44. The stock has a market capitalization of $660.30 billion, a P/E ratio of 54.17, a P/E/G ratio of 3.53 and a beta of 1.39. The business's 50-day moving average price is $185.56 and its 200 day moving average price is $166.09.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. Analysts expect that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Oracle's dividend payout ratio is 46.08%.
Insider Activity
In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maria Smith sold 10,000 shares of the firm'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 sale, the executive vice president 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. Insiders sold 445,366 shares of company stock valued at $84,784,653 in the last ninety days. Corporate insiders own 42.20% of the company's stock.
Oracle Profile
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Free Report)
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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