UNIVEST FINANCIAL Corp Has $1.04 Million Position in Oracle Corporation (NYSE:ORCL)

Key Points

• UNIVEST FINANCIAL Corp increased its stake in Oracle Corporation by 85.5%, owning 7,417 shares valued at approximately $1.04 million as reported in their recent SEC filing.
• Analysts have a consensus rating of "Moderate Buy" for Oracle with an average target price of $218.29, reflecting a positive outlook among various research firms.
• Recent insider trading activities revealed substantial stock sales, including insider Clayton M. Magouyrk selling 15,000 shares valued at over $3.2 million, indicating a notable decrease in his ownership.

UNIVEST FINANCIAL Corp raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 85.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,417 shares of the enterprise software provider's stock after buying an additional 3,418 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Oracle were worth $1,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. FMR LLC increased its holdings in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares during the last quarter. Northern Trust Corp grew its position in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oracle by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock valued at $1,340,830,000 after purchasing an additional 335,352 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Oracle by 9.4% in the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider's stock valued at $1,136,665,000 after purchasing an additional 585,560 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company'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 transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at $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 a total of 431,169 shares of company stock worth $82,908,609 in the last three months. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORCL. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. TD Cowen lifted their target price on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Bank of America boosted their target price on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada boosted their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $218.29.

Oracle Price Performance

Shares of ORCL stock opened at $244.44 on Friday. The firm has a market cap of $686.59 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 3.79 and a beta of 1.43. 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 stock has a 50-day moving average price of $213.55 and a 200 day moving average price of $174.74.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. Research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. 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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