R Squared Ltd Buys 2,600 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• R Squared Ltd significantly increased its stake in Oracle Corporation by 1,733.3%, now holding a total of 2,750 shares valued at $384,000.
• Oracle's recent quarterly earnings showed a net margin of 21.68% and revenue of $15.90 billion, surpassing analyst expectations.
• The company declared a quarterly dividend of $0.50 per share, representing an annual yield of 0.8% and a payout ratio of 46.08%.

R Squared Ltd boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1,733.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,750 shares of the enterprise software provider's stock after purchasing an additional 2,600 shares during the quarter. R Squared Ltd's holdings in Oracle were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after buying an additional 404 shares during the last quarter. Wellington Management Group LLP raised its stake in Oracle by 200.4% in the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock valued at $28,743,000 after buying an additional 115,059 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in Oracle by 37.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 8,135 shares of the enterprise software provider's stock valued at $1,356,000 after buying an additional 2,232 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in Oracle in the fourth quarter valued at about $12,605,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 3.7%

Shares of ORCL opened at $244.44 on Friday. 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 Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The stock's 50 day moving average is $213.55 and its two-hundred day moving average is $174.74. The firm has a market cap of $686.59 billion, a P/E ratio of 56.32, a PEG ratio of 3.79 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $1.63 earnings per share. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ORCL shares. DA Davidson raised their price objective on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. BMO Capital Markets raised their price objective on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, CIBC restated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Insider Transactions at Oracle

In other news, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 431,169 shares of company stock valued at $82,908,609. 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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