Van Hulzen Asset Management LLC Has $13.81 Million Holdings in Oracle Corporation $ORCL

Key Points

• Van Hulzen Asset Management LLC has reduced its stake in Oracle Corporation by 20.2%, now holding approximately $13.81 million in shares, making Oracle the firm's 23rd largest holding.
• Insider Clayton M. Magouyrk sold 15,000 shares at $214.10 each, resulting in a 19.81% decrease in their ownership, while Director Rona Alison Fairhead increased her shares by acquiring 480 shares at an average price of $233.87.
• Recent analyst ratings for Oracle have been positive, with several firms upgrading their price targets, including Evercore ISI, which raised its target from $215.00 to $270.00, reflecting optimism about the company's performance.

Van Hulzen Asset Management LLC trimmed its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,770 shares of the enterprise software provider's stock after selling 24,994 shares during the quarter. Oracle makes up about 1.3% of Van Hulzen Asset Management LLC's investment portfolio, making the stock its 23rd largest holding. Van Hulzen Asset Management LLC's holdings in Oracle were worth $13,809,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ORCL. Nuveen LLC acquired a new stake in shares of Oracle during the 1st quarter valued at about $732,692,000. GAMMA Investing LLC lifted its holdings in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% in 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 valued at $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after acquiring an additional 2,242,520 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Rona Alison Fairhead acquired 480 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 in the last ninety days. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ORCL. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Evercore ISI raised their price objective on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, JMP Securities lifted their price target on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $227.04.

Oracle Price Performance

Shares of ORCL stock opened at $233.0010 on Friday. The stock's fifty day simple moving average is $234.95 and its 200 day simple moving average is $182.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $654.46 billion, a price-to-earnings ratio of 53.69, a P/E/G ratio of 3.51 and a beta of 1.43. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Oracle 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.

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