Rehmann Capital Advisory Group Has $2.14 Million Stock Position in Oracle Corporation (NYSE:ORCL)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. FMR LLC boosted its stake in Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC grew its holdings in Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. increased its position in 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 period. Finally, Northern Trust Corp lifted its holdings in shares of Oracle by 12.5% during the fourth 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 in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were 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 approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at $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. Insiders have sold a total of 450,366 shares of company stock worth $85,433,503 over the last ninety days. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 1.0%

ORCL opened at $234.62 on Wednesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The company has a fifty day moving average of $181.86 and a 200-day moving average of $165.14. The stock has a market cap of $659.01 billion, a PE ratio of 54.06, a price-to-earnings-growth ratio of 3.48 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.63 EPS. On average, sell-side analysts predict 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, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. 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 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Barclays reiterated an "overweight" rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Evercore ISI reissued a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. CIBC reissued a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, TD Cowen boosted their price target on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Ten investment 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $204.15.

Oracle 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.