Trivium Point Advisory LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 57.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 34,339 shares of the enterprise software provider's stock after purchasing an additional 12,580 shares during the period. Trivium Point Advisory LLC's holdings in Oracle were worth $4,801,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares during the last quarter. Lockheed Martin Investment Management Co. grew its stake in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after acquiring an additional 2,110 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Oracle in the first quarter worth $732,692,000. Rockland Trust Co. grew its stake in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares during the last quarter. Finally, Calamos Advisors LLC grew its stake in shares of Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after acquiring an additional 10,426 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.
Wall Street Analysts Forecast Growth
ORCL has been the topic of several analyst reports. Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Westpark Capital boosted their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and boosted their price target for the company from $180.00 to $250.00 in a report on Monday, June 30th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Nine 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $222.75.
Check Out Our Latest Report on ORCL
Oracle Price Performance
Shares of ORCL opened at $244.40 on Thursday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day simple moving average of $227.58 and a 200 day simple moving average of $179.21. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The firm has a market capitalization of $686.48 billion, a PE ratio of 56.31, a P/E/G ratio of 3.79 and a beta of 1.43.
Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the firm earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's dividend payout ratio is 46.08%.
Insider Activity
In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on 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 directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.
About Oracle
(
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.
Read More
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Oracle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oracle wasn't on the list.
While Oracle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report