Y.D. More Investments Ltd Grows Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Y.D. More Investments Ltd increased its holdings in Oracle Corporation by 7.1% during the first quarter, owning 17,768 shares valued at $2,484,000.
• Several hedge funds have also increased their positions in Oracle, with Harel Insurance Investments & Financial Services Ltd expanding its stake by 71.6%, now holding 257,378 shares worth $35,984,000.
• Wall Street analysts have marked Oracle with a consensus rating of "Moderate Buy" and an average target price of $222.75, with major firms like Bank of America raising their price target from $220.00 to $295.00.

Y.D. More Investments Ltd raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,768 shares of the enterprise software provider's stock after acquiring an additional 1,173 shares during the period. Y.D. More Investments Ltd's holdings in Oracle were worth $2,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Oracle by 71.6% during the 1st 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 buying an additional 107,404 shares during the period. Rockland Trust Co. grew its holdings in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares during the period. Calamos Advisors LLC increased its position in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after buying an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. acquired a new position in Oracle during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. Scotiabank started coverage on shares of Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price on the stock. Barclays reissued an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Bank of America boosted their target price on shares of Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research report on Tuesday. Roth Capital reissued a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, KeyCorp raised their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Nine 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 stock. According to MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $222.75.

Oracle Stock Up 0.3%

ORCL opened at $256.52 on Thursday. 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 company has a market capitalization of $720.51 billion, a PE ratio of 59.11, a P/E/G ratio of 3.81 and a beta of 1.43. The stock's fifty day moving average is $219.21 and its 200-day moving average is $176.71. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the business earned $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio is currently 46.08%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction, the insider directly owned 1,097,576 shares in the company, valued at $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 428,303 shares of company stock valued at $82,480,056 in the last three months. Insiders own 42.20% of the company's stock.

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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