Union Bancaire Privee UBP SA Purchases 21,928 Shares of Oracle Co. (NYSE:ORCL)

Union Bancaire Privee UBP SA grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,128 shares of the enterprise software provider's stock after acquiring an additional 21,928 shares during the period. Oracle comprises about 1.1% of Union Bancaire Privee UBP SA's investment portfolio, making the stock its 27th biggest holding. Union Bancaire Privee UBP SA's holdings in Oracle were worth $46,380,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. McClarren Financial Advisors Inc. lifted its position in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. Cornerstone Advisory LLC lifted its holdings in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. bought a new position in Oracle in the fourth quarter worth about $211,000. AFT Forsyth & Company Inc. lifted its holdings in Oracle by 32.7% in the fourth quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock worth $1,123,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Certuity LLC lifted its holdings in Oracle by 28.9% in the fourth quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock worth $1,302,000 after acquiring an additional 1,753 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of recent analyst reports. Bank of America lifted their price target on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday. Royal Bank of Canada lifted their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday. Guggenheim reaffirmed a "buy" rating and set a $220.00 price target on shares of Oracle in a report on Thursday. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday. Finally, KeyCorp raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $194.32.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business'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 now owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of NYSE ORCL traded up $15.68 during mid-day trading on Friday, reaching $215.54. 53,639,099 shares of the company were exchanged, compared to its average volume of 9,721,350. The company's 50-day simple moving average is $152.88 and its 200-day simple moving average is $160.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $602.86 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $216.60.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the company posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is 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.