Vestmark Advisory Solutions Inc. Has $3.15 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Oracle Corporation by 69.4%, now holding 22,554 shares valued at approximately $3.15 million.
• Various hedge funds, including Vanguard Group and Northern Trust Corp, have also raised their positions in Oracle, indicating strong institutional interest in the stock.
• Oracle's recent quarterly earnings surpassed expectations, with earnings per share (EPS) of $1.70, beating the forecast by $0.06, and a revenue increase of 11.3% year-over-year.

Vestmark Advisory Solutions Inc. raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 69.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,554 shares of the enterprise software provider's stock after buying an additional 9,237 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Oracle were worth $3,153,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. Northern Trust Corp raised its stake in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 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% during the fourth 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 during the last quarter. Polen Capital Management LLC raised its stake in shares of Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after acquiring an additional 1,885,370 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Oracle by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after acquiring an additional 94,236 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated 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 transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 in the last quarter. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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. Barclays reissued an "overweight" rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Evercore ISI lifted their target price on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and lifted their target price for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.

Oracle Stock Up 1.4%

Shares of NYSE ORCL opened at $248.48 on Friday. The stock has a market capitalization of $697.94 billion, a P/E ratio of 57.25, a P/E/G ratio of 3.66 and a beta of 1.43. The company has a 50-day moving average price of $230.54 and a 200-day moving average price of $180.39. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle's payout ratio is 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.

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