Oracle Corporation $ORCL Stake Boosted by Silicon Valley Capital Partners

Key Points

• Silicon Valley Capital Partners increased its stake in Oracle Corporation by 782%, acquiring an additional 61,369 shares, bringing its total holdings to 69,217 shares valued at approximately $9.75 million.
• Several institutional investors, including Nuveen LLC and Vanguard Group, also significantly increased their holdings in Oracle during the first quarter, highlighting strong institutional interest in the company.
• Oracle announced a quarterly dividend of $0.50 per share to be paid on October 23, 2023, reflecting a dividend yield of 0.6% and a payout ratio of 46.08%.

Silicon Valley Capital Partners increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 782.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,217 shares of the enterprise software provider's stock after purchasing an additional 61,369 shares during the quarter. Oracle accounts for about 1.3% of Silicon Valley Capital Partners' investment portfolio, making the stock its 24th largest holding. Silicon Valley Capital Partners' holdings in Oracle were worth $9,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. increased its position in Oracle by 4.3% during the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after purchasing an additional 2,110 shares in the last quarter. Strs Ohio acquired a new stake in Oracle during the 1st quarter worth approximately $108,572,000. CBM Financial LLC acquired a new stake in Oracle during the 1st quarter worth approximately $356,000. Finally, Nuveen LLC acquired a new stake in Oracle in the first quarter valued at approximately $732,692,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other news, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock valued at $10,353,198 over the last three months. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and increased their price objective for the company from $295.00 to $368.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday, June 10th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Finally, Stifel Nicolaus increased their price objective on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $296.84.

Oracle Stock Down 5.1%

Shares of ORCL stock traded down $15.79 during mid-day trading on Friday, reaching $292.07. 51,618,969 shares of the company were exchanged, compared to its average volume of 20,941,788. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The company has a market capitalization of $820.38 billion, a P/E ratio of 67.61, a P/E/G ratio of 4.10 and a beta of 1.46. The business's 50 day simple moving average is $244.69 and its 200 day simple moving average is $190.50.

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 for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The business 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 company earned $1.63 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is presently 46.30%.

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.