Oracle Corporation (NYSE:ORCL) Stock Holdings Boosted by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. increased its stake in Oracle Corporation by 64.8%, acquiring 377,917 shares during the 1st quarter, bringing its total ownership to 961,490 shares valued at approximately $134.47 million.
• Several institutional investors, including FMR LLC and UBS AM, made notable changes to their Oracle holdings in the fourth quarter, indicating strong interest in the company's stock.
• Oracle's recent earnings report showed a net margin of 21.68% and revenue growth of 11.3% year-over-year, with the company reporting an EPS of $1.70 for the quarter.

Phoenix Financial Ltd. lifted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 64.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 961,490 shares of the enterprise software provider's stock after buying an additional 377,917 shares during the quarter. Oracle makes up about 2.0% of Phoenix Financial Ltd.'s investment portfolio, making the stock its 16th largest position. Phoenix Financial Ltd.'s holdings in Oracle were worth $134,470,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ORCL. Harel Insurance Investments & Financial Services Ltd. increased its stake in Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the period. Rockland Trust Co. grew its position in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares during the last quarter. Calamos Advisors LLC grew its stake in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. purchased a new stake in shares of Oracle in the fourth quarter worth about $211,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

ORCL stock traded up $2.22 on Friday, reaching $245.05. The company had a trading volume of 7,146,126 shares, compared to its average volume of 13,472,494. The company has a market cap of $688.31 billion, a P/E ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39. 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's fifty day moving average is $204.42 and its 200 day moving average is $171.59. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.60.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Insider Buying and Selling at Oracle

In other news, Director Rona Alison Fairhead purchased 480 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 448,669 shares of company stock worth $85,555,309. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $190.00 to $270.00 in a research note on Thursday, July 10th. Bank of America boosted their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Roth Capital reiterated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. KeyCorp upped their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Finally, Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $218.29.

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.