Temasek Holdings Private Ltd Boosts Stake in Oracle Corporation $ORCL

Key Points

• Temasek Holdings Private Ltd significantly increased its stake in Oracle Corporation by 90%, owning 474,812 shares valued at approximately $66.38 million after buying an additional 224,873 shares in the first quarter.
• Several analysts have recently upgraded their target prices for Oracle stock, with UBS raising it from $250 to $280 and JMP Securities from $240 to $315, indicating positive sentiment regarding the company's performance.
• Oracle's most recent earnings report showed an EPS of $1.70, exceeding expectations, while revenue increased by 11.3% compared to the same quarter last year.

Temasek Holdings Private Ltd increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 90.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 474,812 shares of the enterprise software provider's stock after acquiring an additional 224,873 shares during the period. Temasek Holdings Private Ltd's holdings in Oracle were worth $66,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Brighton Jones LLC lifted its stake in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Clark Capital Management Group Inc. raised its position in Oracle by 6.1% during the 4th quarter. Clark Capital Management Group Inc. now owns 11,614 shares of the enterprise software provider's stock valued at $1,935,000 after purchasing an additional 663 shares during the last quarter. Full Sail Capital LLC raised its position in Oracle by 4.4% during the 4th quarter. Full Sail Capital LLC now owns 2,034 shares of the enterprise software provider's stock valued at $339,000 after purchasing an additional 85 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Oracle by 10.5% during the 4th quarter. Focus Partners Wealth now owns 317,096 shares of the enterprise software provider's stock valued at $54,368,000 after purchasing an additional 30,091 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was 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 owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, 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. Insiders have sold 444,183 shares of company stock worth $86,521,198 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Up 2.6%

Shares of NYSE:ORCL traded up $5.98 during trading on Monday, hitting $238.78. The stock had a trading volume of 18,685,572 shares, compared to its average volume of 10,036,564. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a market capitalization of $670.70 billion, a PE ratio of 55.02, a PEG ratio of 3.47 and a beta of 1.46. The firm's fifty day moving average is $239.78 and its 200 day moving average is $187.22. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The business's revenue was up 11.3% compared to the same quarter last year. Analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. 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 dividend payout ratio (DPR) is 46.08%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORCL. UBS Group upped their price target on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and upped their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Bank of America upped their price target on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Jefferies Financial Group upped their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $232.61.

Oracle Company 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.