Vontobel Holding Ltd. Has $65.90 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Vontobel Holding Ltd. grew its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 39.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,384 shares of the enterprise software provider's stock after acquiring an additional 132,501 shares during the period. Vontobel Holding Ltd.'s holdings in Oracle were worth $65,904,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in Oracle during the first quarter worth about $28,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the fourth quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 4.2%

ORCL opened at $218.98 on Tuesday. The stock has a market cap of $615.08 billion, a PE ratio of 50.46, a price-to-earnings-growth ratio of 3.15 and a beta of 1.32. 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 twelve month low of $118.86 and a twelve month high of $228.22. The company has a fifty day moving average of $170.34 and a 200-day moving average of $162.47.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly 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. 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 the consensus estimate of $15.58 billion. During the same period in the prior year, the business earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" 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 stock a "buy" rating in a research report on Monday, June 9th. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $200.26.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 over the last 90 days. Company 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.

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