Twin Capital Management Inc. Has $5.72 Million Position in Oracle Corporation (NYSE:ORCL)

Twin Capital Management Inc. lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 26.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,885 shares of the enterprise software provider's stock after acquiring an additional 8,653 shares during the period. Twin Capital Management Inc.'s holdings in Oracle were worth $5,716,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 valued at $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Rockland Trust Co. increased its stake in Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Calamos Advisors LLC increased its stake in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC increased its stake in Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. bought a new stake in Oracle during the 4th quarter valued at $211,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock worth $85,555,309 in the last three months. Corporate insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. DA Davidson upped their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and boosted their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Price Performance

ORCL stock opened at $245.30 on Friday. The firm has a market cap of $689.01 billion, a P/E ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm's fifty day moving average is $196.21 and its 200 day moving average is $168.95.

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 (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. Oracle's revenue was up 11.3% on a year-over-year basis. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.82%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.

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