Zions Bancorporation National Association UT Purchases Shares of 13,648 Oracle Corporation (NYSE:ORCL)

Zions Bancorporation National Association UT purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,648 shares of the enterprise software provider's stock, valued at approximately $1,908,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Greenwood Gearhart Inc. grew its position in shares of Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares in the last quarter. Flynn Zito Capital Management LLC grew its position in shares of Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after purchasing an additional 71 shares in the last quarter. Tiller Private Wealth Inc. grew its position in shares of Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock worth $224,000 after purchasing an additional 71 shares in the last quarter. Private Wealth Management Group LLC grew its position in shares of Oracle by 14.9% during the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after purchasing an additional 72 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. boosted its position in shares of Oracle by 4.8% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.75.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $250.04 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The firm has a fifty day simple moving average of $222.64 and a 200 day simple moving average of $177.85. The company has a market capitalization of $702.32 billion, a PE ratio of 57.61, a P/E/G ratio of 3.72 and a beta of 1.43. 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 (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, beating 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current 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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend 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.

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