Invesco LLC Purchases 7,865 Shares of Oracle Corporation (NYSE:ORCL)

Invesco LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,388 shares of the enterprise software provider's stock after buying an additional 7,865 shares during the quarter. Oracle comprises about 6.2% of Invesco LLC's portfolio, making the stock its 2nd biggest holding. Invesco LLC's holdings in Oracle were worth $15,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of ORCL. Cookson Peirce & Co. Inc. lifted its position in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares in the last quarter. Cape ANN Savings Bank boosted its position in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after buying an additional 65 shares during the period. Greenwood Gearhart Inc. raised its position in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares during the period. WorthPointe LLC lifted its stake in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after acquiring an additional 67 shares in the last quarter. Finally, CORDA Investment Management LLC. boosted its position in Oracle by 0.9% during the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Evercore ISI reissued a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $196.74.

Oracle Price Performance

Shares of ORCL stock traded up $8.35 during trading hours on Tuesday, hitting $215.39. The company had a trading volume of 18,336,359 shares, compared to its average volume of 9,891,322. 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 firm has a market capitalization of $604.99 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 3.08 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60. The firm's fifty day moving average is $161.85 and its 200 day moving average is $161.26.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company 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 $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle's payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 442,366 shares of company stock worth $83,395,223. Insiders own 42.20% of the company's stock.

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.