Virtu Financial LLC Has $3.57 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Virtu Financial LLC significantly increased its stake in Oracle Corporation by 1,277.3%, owning 25,535 shares worth approximately $3.57 million as per its latest SEC filing.
• Insiders at Oracle have sold a substantial amount of stock, with total sales reaching 444,183 shares valued at around $86.5 million over the past 90 days, indicating possible shifts in insider confidence.
• Analysts show a positive outlook for Oracle, with multiple firms raising their price targets, reflecting a consensus rating of "Moderate Buy" and an average price target of $222.75.

Virtu Financial LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1,277.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,535 shares of the enterprise software provider's stock after acquiring an additional 23,681 shares during the quarter. Virtu Financial LLC's holdings in Oracle were worth $3,570,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ORCL. Vanguard Group Inc. increased its stake in shares of Oracle by 2.2% in 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 buying an additional 3,513,464 shares in the last quarter. Northern Trust Corp increased its stake in shares of Oracle by 12.5% in 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 buying an additional 2,176,892 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Oracle by 20.5% in 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 buying an additional 2,350,448 shares in the last quarter. Polen Capital Management LLC increased its stake in shares of Oracle by 17.6% in 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 buying an additional 1,885,370 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Oracle by 0.9% in 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 buying an additional 94,236 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock worth $86,521,198 over the last three months. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Jefferies Financial Group raised their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $250.00 in a report on Monday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle 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 equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $222.75.

Oracle Stock Up 0.3%

Shares of NYSE:ORCL traded up $0.65 during trading on Friday, hitting $250.04. 8,301,832 shares of the company's stock traded hands, compared to its average volume of 10,261,765. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $702.32 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 3.73 and a beta of 1.43. The company has a 50-day moving average price of $222.64 and a 200-day moving average price of $177.75.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. 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.