S Bank Fund Management Ltd Invests $2.54 Million in Oracle Corporation (NYSE:ORCL)

Key Points

• S Bank Fund Management Ltd invested approximately $2.54 million in Oracle Corporation, purchasing 18,149 shares during the first quarter.
• Oracle recently reported earnings of $1.70 per share, exceeding analyst expectations, with revenue rising 11.3% year-over-year to $15.90 billion.
• The stock currently holds a consensus rating of "Moderate Buy" with a target price averaging around $222.75 among investment analysts.

S Bank Fund Management Ltd purchased a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,149 shares of the enterprise software provider's stock, valued at approximately $2,537,000.

Other institutional investors have also recently made changes to their positions in the company. Greenwood Gearhart Inc. grew its position in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. Flynn Zito Capital Management LLC grew its position in Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after acquiring an additional 71 shares in the last quarter. Tiller Private Wealth Inc. grew its position in Oracle by 4.6% in the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock worth $224,000 after acquiring an additional 71 shares in the last quarter. Private Wealth Management Group LLC grew its position in Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after acquiring an additional 72 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. grew its position in Oracle by 4.8% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim upped their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Westpark Capital boosted their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $222.75.

Oracle Price Performance

ORCL stock opened at $253.54 on Wednesday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a market cap of $712.15 billion, a P/E ratio of 58.42, a PEG ratio of 3.77 and a beta of 1.43. The firm has a 50-day moving average of $226.06 and a 200 day moving average of $178.76. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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 analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company 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 firm earned $1.63 earnings per share. Oracle's revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insiders Place Their Bets

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company'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 sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company's stock.

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.

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