Truist Financial Corp Buys 34,603 Shares of Oracle Corporation (NYSE:ORCL)

Truist Financial Corp increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,830,296 shares of the enterprise software provider's stock after purchasing an additional 34,603 shares during the period. Truist Financial Corp owned approximately 0.07% of Oracle worth $255,894,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC lifted its stake in shares of Oracle by 5.2% in the first quarter. Capital Investment Advisory Services LLC now owns 5,388 shares of the enterprise software provider's stock valued at $753,000 after buying an additional 268 shares during the period. Argyle Capital Management LLC increased its holdings in shares of Oracle by 6.3% during the first quarter. Argyle Capital Management LLC now owns 24,921 shares of the enterprise software provider's stock worth $3,484,000 after buying an additional 1,481 shares in the last quarter. Strategic Blueprint LLC increased its holdings in shares of Oracle by 125.9% during the first quarter. Strategic Blueprint LLC now owns 12,737 shares of the enterprise software provider's stock worth $1,781,000 after buying an additional 7,098 shares in the last quarter. Brookstone Capital Management grew its stake in shares of Oracle by 286.3% during the first quarter. Brookstone Capital Management now owns 105,285 shares of the enterprise software provider's stock valued at $14,720,000 after purchasing an additional 78,027 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in Oracle by 103.2% in the first quarter. Catalyst Capital Advisors LLC now owns 3,686 shares of the enterprise software provider's stock valued at $515,000 after acquiring an additional 1,872 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ORCL. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Stock Up 3.2%

Shares of NYSE ORCL traded up $7.41 during mid-day trading on Friday, reaching $237.39. 18,441,376 shares of the company's stock traded hands, compared to its average volume of 10,159,668. The stock has a market cap of $666.79 billion, a P/E ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39. The business has a 50-day simple moving average of $178.14 and a 200 day simple moving average of $164.25. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. On average, analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 in the last three months. Insiders own 42.20% of the company's stock.

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.