Advisors Capital Management LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 230,269 shares of the enterprise software provider's stock after acquiring an additional 17,328 shares during the period. Advisors Capital Management LLC's holdings in Oracle were worth $32,194,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in ORCL. Brighton Jones LLC lifted its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Lighthouse Investment Partners LLC increased its holdings in shares of Oracle by 22.8% in the 4th quarter. Lighthouse Investment Partners LLC now owns 14,740 shares of the enterprise software provider's stock valued at $2,456,000 after purchasing an additional 2,740 shares during the period. Northwest Quadrant Wealth Management LLC increased its stake in Oracle by 10.6% in the 4th quarter. Northwest Quadrant Wealth Management LLC now owns 1,867 shares of the enterprise software provider's stock valued at $311,000 after buying an additional 179 shares during the period. Finally, Northeast Financial Consultants Inc boosted its stake in shares of Oracle by 9.6% during the 4th quarter. Northeast Financial Consultants Inc now owns 5,355 shares of the enterprise software provider's stock valued at $892,000 after buying an additional 467 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.
Insider Activity
In related news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,183 shares of company stock worth $10,353,198. Corporate insiders own 42.20% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Loop Capital set a $135.00 price objective on Oracle in a research report on Tuesday, June 10th. KeyCorp raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. BMO Capital Markets set a $345.00 target price on shares of Oracle in a research report on Wednesday. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $296.84.
Check Out Our Latest Analysis on Oracle
Oracle Price Performance
NYSE:ORCL opened at $328.40 on Thursday. The stock has a market cap of $922.41 billion, a P/E ratio of 76.02, a PEG ratio of 3.61 and a beta of 1.46. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a fifty day moving average price of $242.19 and a 200 day moving average price of $188.57. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.
Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 80.42%. 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 company earned $1.63 EPS. Analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.08%.
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.
See Also
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