Oracle Corporation $ORCL Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Oracle Corporation by 8.5% in the first quarter, totaling $105.4 million worth of shares.
• Insider Clayton M. Magouyrk sold 15,000 shares at an average price of $214.10, reducing his ownership by nearly 20%.
• Oracle has declared a quarterly dividend of $0.50 per share, representing a 0.9% yield and a payout ratio of 46.08%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 754,049 shares of the enterprise software provider's stock after purchasing an additional 59,142 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Oracle were worth $105,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 444,183 shares of company stock valued at $86,521,198. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

ORCL stock opened at $222.89 on Friday. The business has a 50 day moving average price of $238.93 and a 200 day moving average price of $186.25. The stock has a market cap of $626.06 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 3.34 and a beta of 1.46. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations 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. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Loop Capital set a $135.00 target price on Oracle in a report on Tuesday, June 10th. BMO Capital Markets lifted their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. TD Cowen lifted their price objective on Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $227.04.

About Oracle

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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