Penserra Capital Management LLC Acquires 23,658 Shares of Oracle Corporation (NYSE:ORCL)

Penserra Capital Management LLC boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,315 shares of the enterprise software provider's stock after buying an additional 23,658 shares during the quarter. Penserra Capital Management LLC's holdings in Oracle were worth $15,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Greenwood Gearhart Inc. grew its stake in shares of Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC lifted its holdings in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares during the last quarter. Stage Harbor Financial LLC boosted its position in shares of Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares in the last quarter. J. L. Bainbridge & Co. Inc. increased its holdings in shares of Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after acquiring an additional 70 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its position in shares of Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after acquiring an additional 70 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ORCL. Guggenheim increased their price target on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Bank of America increased their target price on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Jefferies Financial Group raised their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $204.15.

Oracle Stock Down 2.1%

NYSE ORCL traded down $5.02 on Monday, reaching $232.30. The company had a trading volume of 16,061,923 shares, compared to its average volume of 10,185,327. The firm has a market capitalization of $652.49 billion, a PE ratio of 53.53, a P/E/G ratio of 3.55 and a beta of 1.39. The firm has a 50-day moving average of $178.14 and a 200-day moving average of $164.22. 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 $237.99.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Oracle's dividend payout ratio is currently 46.08%.

Insider Buying and Selling

In other news, 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 value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 over the last three months. Corporate insiders own 42.20% of the company's stock.

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.