Price T Rowe Associates Inc. MD Buys 171,095 Shares of Oracle Corporation $ORCL

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Oracle Corporation by 2.5%, acquiring an additional 171,095 shares to reach a total of 7,128,739 shares valued at approximately $996.67 million.
• Oracle's latest quarterly earnings report showed an earnings per share (EPS) of $1.70, beating analysts' expectations and reflecting an 11.3% year-over-year revenue increase to $15.90 billion.
• The company declared a quarterly dividend of $0.50 per share, equating to an annualized dividend yield of 0.9%, with a payout ratio of 46.08%.

Price T Rowe Associates Inc. MD boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,128,739 shares of the enterprise software provider's stock after acquiring an additional 171,095 shares during the period. Price T Rowe Associates Inc. MD owned about 0.25% of Oracle worth $996,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its position 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. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $233.0010 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The company has a market cap of $654.46 billion, a PE ratio of 53.69, a P/E/G ratio of 3.51 and a beta of 1.43. 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 business has a 50-day simple moving average of $234.95 and a 200-day simple moving average of $182.32.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Mizuho raised their price objective on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. BMO Capital Markets lifted their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada lifted their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Finally, Guggenheim raised their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Three 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 stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 444,183 shares of company stock valued at $86,521,198. Corporate insiders own 42.20% of the company's stock.

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.

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