Ransom Advisory Ltd Purchases New Stake in Oracle Corporation $ORCL

Key Points

• Ransom Advisory Ltd has acquired a new position in Oracle Corporation, purchasing 5,021 shares valued at approximately $702,000 in the first quarter.
• Oracle reported a quarterly revenue of $15.90 billion, exceeding analyst estimates, and a year-over-year revenue growth of 11.3% with an EPS of $1.70, surpassing predictions by $0.06.
• The company announced a quarterly dividend of $0.50 per share, which will be payable on October 23rd, reflecting an annualized dividend of $2.00 and a yield of 0.8%.

Ransom Advisory Ltd acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,021 shares of the enterprise software provider's stock, valued at approximately $702,000.

A number of other large investors also recently bought and sold shares of the company. Anchor Investment Management LLC grew its stake in shares of Oracle by 0.9% during the 1st quarter. Anchor Investment Management LLC now owns 39,712 shares of the enterprise software provider's stock worth $5,552,000 after purchasing an additional 359 shares during the period. Glenview Trust co grew its stake in shares of Oracle by 0.6% during the 1st quarter. Glenview Trust co now owns 286,379 shares of the enterprise software provider's stock worth $40,039,000 after purchasing an additional 1,600 shares during the period. Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Oracle by 13.2% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 301,087 shares of the enterprise software provider's stock worth $42,095,000 after purchasing an additional 35,000 shares during the period. SageView Advisory Group LLC grew its stake in shares of Oracle by 4.0% during the 1st quarter. SageView Advisory Group LLC now owns 15,283 shares of the enterprise software provider's stock worth $2,137,000 after purchasing an additional 585 shares during the period. Finally, Advisory Alpha LLC grew its stake in shares of Oracle by 12.4% during the 1st quarter. Advisory Alpha LLC now owns 3,601 shares of the enterprise software provider's stock worth $503,000 after purchasing an additional 396 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. UBS Group set a $300.00 price target on shares of Oracle in a research note on Wednesday. JMP Securities increased their price objective on shares of Oracle from $315.00 to $342.00 and gave the company a "market outperform" rating in a research note on Wednesday. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and increased their price objective for the company from $295.00 to $368.00 in a research note on Wednesday. Barclays increased their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $296.84.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated 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 transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is currently owned by insiders.

Oracle Trading Down 5.1%

Shares of Oracle stock traded down $15.79 during mid-day trading on Friday, hitting $292.07. 51,618,969 shares of the stock were exchanged, compared to its average volume of 20,941,788. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The stock has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The company has a 50-day simple moving average of $244.69 and a 200 day simple moving average of $190.37. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period last year, the company earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

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.