Oracle Corporation (NYSE:ORCL) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 866,946 shares of the enterprise software provider's stock after acquiring an additional 26,054 shares during the period. Victory Capital Management Inc.'s holdings in Oracle were worth $121,208,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Oracle by 71.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Rockland Trust Co. increased its stake in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after acquiring an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC increased its stake in shares of Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. acquired a new position in shares of Oracle in the fourth quarter worth $211,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded up $7.76 during trading hours on Thursday, hitting $249.06. 17,612,488 shares of the stock traded hands, compared to its average volume of 10,338,980. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.45. The company has a market cap of $699.56 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The stock has a 50 day moving average price of $192.33 and a 200 day moving average price of $167.83.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $15.90 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 earnings per share. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. Oracle's payout ratio is currently 46.08%.

Analysts Set New Price Targets

ORCL has been the topic of several analyst reports. Westpark Capital increased their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. KeyCorp increased their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Stephens started coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $215.61.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 445,366 shares of company stock worth $84,784,653. Corporate insiders own 42.20% of the company's stock.

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.