Tectonic Advisors LLC Purchases 1,202 Shares of Oracle Corporation (NYSE:ORCL)

Tectonic Advisors LLC lifted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,308 shares of the enterprise software provider's stock after purchasing an additional 1,202 shares during the period. Tectonic Advisors LLC's holdings in Oracle were worth $2,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. FMR LLC lifted its holdings in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after acquiring an additional 156,269 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Oracle by 1.8% during 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 acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock worth $84,784,653 in the last 90 days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. UBS Group lifted their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Guggenheim boosted their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $215.61.

Oracle Trading Up 3.2%

Oracle stock traded up $7.76 during trading hours on Thursday, reaching $249.06. 17,612,488 shares of the company's stock were exchanged, compared to its average volume of 10,334,242. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm's 50 day simple moving average is $192.33 and its 200 day simple moving average is $167.83. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.45. The firm has a market capitalization of $699.56 billion, a PE ratio of 57.39, a PEG ratio of 3.51 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.