IFM Investors Pty Ltd Increases Position in Oracle Corporation $ORCL

Key Points

• IFM Investors Pty Ltd increased its position in Oracle Corporation by 2.2%, owning 314,598 shares valued at approximately $43.98 million.
• Analyst ratings for Oracle indicate a positive outlook, with two analysts rating it as Strong Buy, and a target price increase from various firms, with the highest being $360.00 from Jefferies Financial Group.
• Oracle has announced a $0.50 quarterly dividend, which will be distributed to investors of record on October 9th, representing an annual yield of 0.8%.

IFM Investors Pty Ltd raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 314,598 shares of the enterprise software provider's stock after buying an additional 6,733 shares during the period. IFM Investors Pty Ltd's holdings in Oracle were worth $43,984,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction on Monday, July 7th. The stock was bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction 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 owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,183 shares of company stock valued at $10,353,198 over the last ninety days. Company insiders own 42.20% of the company's stock.

Oracle Stock Down 5.1%

Shares of ORCL stock traded down $15.79 on Friday, reaching $292.07. 51,618,969 shares of the stock were exchanged, compared to its average volume of 13,335,661. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33. The business's 50 day moving average price is $243.59 and its 200 day moving average price is $189.52. The company has a market capitalization of $820.37 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.91 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Cowen restated a "buy" rating and set a $375.00 target price on shares of Oracle in a report on Wednesday. Cantor Fitzgerald lifted their price target on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Morgan Stanley boosted their target price on Oracle from $175.00 to $246.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Stifel Nicolaus boosted their target price on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $296.84.

Oracle Company 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.