UniSuper Management Pty Ltd Boosts Stake in Oracle Corporation $ORCL

Key Points

• UniSuper Management Pty Ltd has increased its stake in Oracle Corporation by 8.1%, acquiring 42,118 additional shares, bringing its total holdings to 563,428 shares worth approximately $78.77 million.
• Oracle reported a quarterly earnings per share (EPS) of $1.70, exceeding analysts' expectations, along with a revenue of $15.90 billion, marking an 11.3% year-over-year increase.
• The company recently announced a quarterly dividend of $0.50, resulting in an annualized dividend of $2.00 and a yield of 0.9%.

UniSuper Management Pty Ltd grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 563,428 shares of the enterprise software provider's stock after buying an additional 42,118 shares during the period. Oracle accounts for 0.6% of UniSuper Management Pty Ltd's investment portfolio, making the stock its 28th largest position. UniSuper Management Pty Ltd's holdings in Oracle were worth $78,773,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Brighton Jones LLC lifted its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings 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 worth $903,000 after purchasing an additional 404 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in Oracle by 6.1% during the 4th quarter. Clark Capital Management Group Inc. now owns 11,614 shares of the enterprise software provider's stock worth $1,935,000 after purchasing an additional 663 shares in the last quarter. Full Sail Capital LLC lifted its holdings in Oracle by 4.4% during the 4th quarter. Full Sail Capital LLC now owns 2,034 shares of the enterprise software provider's stock worth $339,000 after purchasing an additional 85 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Oracle by 10.5% during the 4th quarter. Focus Partners Wealth now owns 317,096 shares of the enterprise software provider's stock worth $54,368,000 after purchasing an additional 30,091 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction 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 transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock valued at $86,521,198 in the last ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Up 2.6%

Shares of ORCL traded up $5.98 on Monday, reaching $238.78. The stock had a trading volume of 18,685,572 shares, compared to its average volume of 10,036,564. The firm has a market capitalization of $670.70 billion, a price-to-earnings ratio of 55.02, a price-to-earnings-growth ratio of 3.47 and a beta of 1.46. 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 company has a 50-day simple moving average of $239.78 and a 200-day simple moving average of $187.22. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's payout ratio is presently 46.08%.

Analyst Ratings Changes

Several research firms have weighed in on ORCL. JPMorgan Chase & Co. raised their price target on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a report on Monday. DA Davidson increased their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Jefferies Financial Group raised their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Cowen reiterated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Morgan Stanley lifted their price objective on Oracle from $175.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $232.61.

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.