Trexquant Investment LP Invests $3.20 Million in Oracle Corporation $ORCL

Trexquant Investment LP purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,915 shares of the enterprise software provider's stock, valued at approximately $3,204,000.

A number of other large investors also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. grew its holdings in shares of Oracle by 4.3% during the first 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 during the last quarter. Nuveen LLC bought a new position in Oracle in the first quarter valued at about $732,692,000. Rockland Trust Co. boosted its holdings in Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after acquiring an additional 467 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after acquiring an additional 10,426 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ORCL. Guggenheim raised their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Oppenheimer restated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Bank of America raised their target price on Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. UBS Group raised their target price on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, JMP Securities raised their target price on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday, July 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.04.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company'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 directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Down 0.8%

Shares of NYSE:ORCL traded down $1.75 during midday trading on Wednesday, hitting $223.55. The stock had a trading volume of 8,756,134 shares, compared to its average volume of 9,853,720. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. 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 business's 50-day simple moving average is $238.74 and its 200-day simple moving average is $185.91. The company has a market cap of $627.92 billion, a P/E ratio of 51.51, a PEG ratio of 3.38 and a beta of 1.46.

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. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm's revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

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.