Oracle Corporation (NYSE:ORCL) Position Lifted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 97.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,322 shares of the enterprise software provider's stock after buying an additional 7,578 shares during the quarter. Rehmann Capital Advisory Group's holdings in Oracle were worth $2,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. lifted its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. FMR LLC increased its holdings in shares of Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after buying an additional 619,619 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Oracle by 9.3% during the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after buying an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 450,366 shares of company stock valued at $85,433,503. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on ORCL shares. Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. BMO Capital Markets boosted their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $1.97 during midday trading on Wednesday, hitting $236.47. The stock had a trading volume of 10,824,366 shares, compared to its average volume of 10,235,002. The company has a market capitalization of $664.20 billion, a PE ratio of 54.49, a P/E/G ratio of 3.48 and a beta of 1.39. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The stock has a 50 day moving average price of $181.86 and a two-hundred day moving average price of $165.14. 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 earnings per share. As a group, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.