Oracle Corporation (NYSE:ORCL) Stock Position Lifted by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 461,619 shares of the enterprise software provider's stock after buying an additional 2,470 shares during the quarter. Oracle comprises 1.3% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 21st largest holding. Border to Coast Pensions Partnership Ltd's holdings in Oracle were worth $64,539,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legacy CG LLC lifted its position in Oracle by 4.1% during the 1st quarter. Legacy CG LLC now owns 42,163 shares of the enterprise software provider's stock worth $5,895,000 after acquiring an additional 1,657 shares during the last quarter. Canvas Wealth Advisors LLC lifted its position in shares of Oracle by 42.0% during the 1st quarter. Canvas Wealth Advisors LLC now owns 5,808 shares of the enterprise software provider's stock worth $739,000 after purchasing an additional 1,718 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of Oracle by 30.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 57,386 shares of the enterprise software provider's stock worth $8,023,000 after purchasing an additional 13,521 shares during the last quarter. Pacific Global Investment Management Co. grew its holdings in Oracle by 1.4% in the 1st quarter. Pacific Global Investment Management Co. now owns 13,912 shares of the enterprise software provider's stock valued at $1,945,000 after buying an additional 186 shares during the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Oracle by 4.6% during the first quarter. Transcend Capital Advisors LLC now owns 37,849 shares of the enterprise software provider's stock worth $5,292,000 after buying an additional 1,679 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ORCL. Royal Bank Of Canada increased their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Barclays restated an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Cowen reissued a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Finally, CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last ninety days. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 1.2%

ORCL opened at $213.28 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.93. The company has a market cap of $599.07 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. 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 50 day simple moving average of $166.79 and a 200 day simple moving average of $162.13.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.63 EPS. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.

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