Paloma Partners Management Co Grows Position in Oracle Corporation $ORCL

Key Points

• Paloma Partners Management Co significantly increased its stake in Oracle Corporation by purchasing an additional 43,242 shares, bringing its total to 46,242 shares worth approximately $6.47 million.
• Several institutional investors have also bolstered their positions in Oracle, with notable increases including GAMMA Investing LLC and Mitsubishi UFJ Asset Management Company, which raised their stakes by 15,012.3% and 79.2%, respectively.
• Oracle recently posted earnings that exceeded analyst expectations, reporting $1.70 earnings per share and revenues of $15.90 billion, reflecting an 11.3% year-over-year increase.

Paloma Partners Management Co increased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1,441.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,242 shares of the enterprise software provider's stock after buying an additional 43,242 shares during the period. Oracle comprises about 0.8% of Paloma Partners Management Co's holdings, making the stock its 27th biggest position. Paloma Partners Management Co's holdings in Oracle were worth $6,465,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in Oracle in the first quarter worth $732,692,000. GAMMA Investing LLC increased its position in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. increased its holdings in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Oracle by 79.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after acquiring an additional 2,049,687 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL stock traded down $1.02 during midday trading on Tuesday, reaching $225.11. The company had a trading volume of 10,444,468 shares, compared to its average volume of 9,853,720. 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 Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a market capitalization of $632.30 billion, a P/E ratio of 51.87, a P/E/G ratio of 3.38 and a beta of 1.46. The firm has a 50-day moving average price of $238.48 and a 200-day moving average price of $185.65.

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

Oracle Dividend Announcement

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

Insiders Place Their Bets

In other Oracle news, 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 value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% 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 over the last 90 days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORCL. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Westpark Capital lifted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. UBS Group lifted their price objective on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Guggenheim lifted their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price 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.