OVERSEA CHINESE BANKING Corp Ltd Grows Stake in Oracle Corporation (NYSE:ORCL)

OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1,540.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,118 shares of the enterprise software provider's stock after purchasing an additional 147,539 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Oracle were worth $21,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ORCL. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter worth $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the 1st quarter worth $28,000. Finally, Iron Horse Wealth Management LLC grew its stake 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 worth $29,000 after buying an additional 151 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated 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 trade represents a 19.81% 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, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents 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 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

NYSE:ORCL opened at $230.45 on Monday. The stock has a 50 day moving average of $187.16 and a two-hundred day moving average of $166.42. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The firm has a market cap of $647.29 billion, a P/E ratio of 53.10, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

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 for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the firm posted $1.63 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Guggenheim raised their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. JMP Securities set a $240.00 price target on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. DA Davidson upped their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $209.33.

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.

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