Security Financial Services INC. Acquires 1,045 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Security Financial Services INC. increased its stake in Oracle Corporation by 22.1%, acquiring an additional 1,045 shares for a total of 5,765 shares worth approximately $806,000.
• Oracle reported quarterly earnings of $1.70 per share, exceeding analyst expectations, with revenues up 11.3% year-over-year, totaling $15.90 billion.
• The company declared a quarterly dividend of $0.50 per share, reflecting an annualized dividend yield of 0.82% and a payout ratio of 46.08%.

Security Financial Services INC. grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 22.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,765 shares of the enterprise software provider's stock after buying an additional 1,045 shares during the quarter. Security Financial Services INC.'s holdings in Oracle were worth $806,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC grew its stake in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC grew its stake in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares in the last quarter. Franklin Resources Inc. grew its stake in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares in the last quarter. Northern Trust Corp grew its stake in Oracle by 12.5% in 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 purchasing an additional 2,176,892 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of ORCL opened at $245.05 on Friday. The business's 50-day moving average is $204.42 and its two-hundred day moving average is $171.59. The company has a market capitalization of $688.31 billion, a P/E ratio of 56.46, a P/E/G ratio of 3.62 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for 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 firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Insider Activity at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction dated Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated 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 transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 in the last three months. Company insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. increased their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

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.

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