XTX Topco Ltd Raises Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• XTX Topco Ltd significantly increased its stake in Oracle Corporation by 288.2%, owning 75,923 shares worth approximately $10.6 million.
• Oracle experienced a boost in price targets from multiple analysts, with Westpark Capital raising it to $246.00 and Evercore ISI increasing it to $270.00, reflecting strong confidence in the company's performance.
• The company reported a $1.70 EPS for the quarter, surpassing expectations and showing a year-over-year revenue increase of 11.3%, emphasizing its robust operational growth.

XTX Topco Ltd boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 288.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,923 shares of the enterprise software provider's stock after buying an additional 56,365 shares during the period. Oracle comprises 0.5% of XTX Topco Ltd's investment portfolio, making the stock its 7th largest holding. XTX Topco Ltd's holdings in Oracle were worth $10,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew 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 buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at approximately $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Westpark Capital boosted their price target on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Evercore ISI boosted their price target on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. TD Cowen boosted their price target on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 10,000 shares of Oracle 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 completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The stock was 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 owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of ORCL stock opened at $247.68 on Tuesday. The stock's fifty day moving average is $206.18 and its 200-day moving average is $172.36. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $695.69 billion, a PE ratio of 57.07, a PEG ratio of 3.66 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. 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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