Valeo Financial Advisors LLC lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,787 shares of the enterprise software provider's stock after purchasing an additional 7,416 shares during the period. Valeo Financial Advisors LLC's holdings in Oracle were worth $12,693,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CapWealth Advisors LLC increased its holdings in Oracle by 10.8% during the 1st quarter. CapWealth Advisors LLC now owns 34,579 shares of the enterprise software provider's stock worth $4,834,000 after purchasing an additional 3,371 shares in the last quarter. 49 Wealth Management LLC boosted its position in shares of Oracle by 12.3% during the 1st quarter. 49 Wealth Management LLC now owns 6,484 shares of the enterprise software provider's stock worth $907,000 after acquiring an additional 708 shares in the last quarter. Exane Asset Management boosted its position in shares of Oracle by 47.3% during the 1st quarter. Exane Asset Management now owns 16,423 shares of the enterprise software provider's stock worth $2,480,000 after acquiring an additional 5,275 shares in the last quarter. Stratos Investment Management LLC boosted its position in shares of Oracle by 55.2% during the 1st quarter. Stratos Investment Management LLC now owns 9,330 shares of the enterprise software provider's stock worth $1,305,000 after acquiring an additional 3,319 shares in the last quarter. Finally, NTV Asset Management LLC boosted its position in shares of Oracle by 4.2% during the 1st quarter. NTV Asset Management LLC now owns 6,285 shares of the enterprise software provider's stock worth $879,000 after acquiring an additional 252 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ORCL. Evercore ISI restated a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Royal Bank Of Canada lifted their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Finally, CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $209.33.
Get Our Latest Analysis on Oracle
Insider Activity at Oracle
In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 445,366 shares of company stock valued at $84,784,653 in the last three months. Corporate insiders own 42.20% of the company's stock.
Oracle Stock Down 1.2%
Oracle stock traded down $2.82 during trading hours on Friday, hitting $232.18. The stock had a trading volume of 3,852,038 shares, compared to its average volume of 10,214,676. 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 market capitalization of $652.16 billion, a P/E ratio of 53.53, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. The stock's 50-day moving average price is $185.56 and its 200-day moving average price is $166.09.
Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 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 firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the business posted $1.63 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.86%. Oracle's dividend payout ratio (DPR) is 46.08%.
About Oracle
(
Free Report)
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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