Scotia Capital Inc. Has $41.56 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Scotia Capital Inc. boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 297,268 shares of the enterprise software provider's stock after buying an additional 37,267 shares during the period. Scotia Capital Inc.'s holdings in Oracle were worth $41,561,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Greenwood Gearhart Inc. raised its holdings in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the period. Flynn Zito Capital Management LLC raised its holdings in Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after buying an additional 71 shares during the period. Private Wealth Management Group LLC raised its holdings in Oracle by 14.9% during the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after buying an additional 72 shares during the period. Woodley Farra Manion Portfolio Management Inc. raised its holdings in Oracle by 4.8% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after buying an additional 72 shares during the period. Finally, Canopy Partners LLC grew its stake in shares of Oracle by 1.5% during the 1st quarter. Canopy Partners LLC now owns 4,917 shares of the enterprise software provider's stock worth $687,000 after acquiring an additional 74 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Scotiabank initiated coverage on shares of Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price target for the company. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. TD Cowen raised their price target on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $218.29.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 431,169 shares of company stock valued at $82,908,609 over the last 90 days. 42.20% of the stock is owned by company insiders.

Oracle Stock Down 3.7%

ORCL opened at $244.44 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $686.59 billion, a P/E ratio of 56.32, a P/E/G ratio of 3.65 and a beta of 1.43. The stock has a fifty day moving average of $213.55 and a 200-day moving average of $174.85.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

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.