Versor Investments LP Takes Position in Oracle Corporation $ORCL

Key Points

• Versor Investments LP acquired 4,220 shares of Oracle Corporation, valued at approximately $590,000, indicating strong institutional interest in the software provider.
• Oracle's stock price has recently dropped by 5.9%, despite reporting earnings that exceeded analysts' expectations with a revenue of $15.90 billion for the last quarter.
• Several equity analysts have raised their target prices for Oracle, with estimates ranging from $195.00 to $300.00, reflecting a generally positive outlook on the company's performance.

Versor Investments LP acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,220 shares of the enterprise software provider's stock, valued at approximately $590,000.

Other institutional investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in Oracle in the fourth quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on 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 directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last three months. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Down 5.9%

Shares of NYSE ORCL opened at $234.2670 on Wednesday. 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 company has a 50-day moving average price of $233.11 and a 200-day moving average price of $181.51. The stock has a market capitalization of $658.02 billion, a P/E ratio of 53.98, a P/E/G ratio of 3.72 and a beta of 1.43. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87.

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 for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. On average, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. Oracle's payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. JPMorgan Chase & Co. raised 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. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $227.04.

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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