Zurcher Kantonalbank Zurich Cantonalbank Has $67.53 Million Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Oracle Corporation by 12.3% in Q1, owning 482,993 shares valued at approximately $67.53 million.
• Recent analyst ratings for Oracle include a buy rating from Deutsche Bank with a target price raised to $240, alongside several other analysts maintaining positive outlooks.
• Oracle reported a quarterly EPS of $1.70, exceeding analysts' expectations, with a revenue of $15.90 billion, marking an 11.3% year-over-year increase.

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,993 shares of the enterprise software provider's stock after acquiring an additional 52,850 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Oracle were worth $67,527,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Cornerstone Advisory LLC lifted its stake in Oracle by 0.8% in the first quarter. Cornerstone Advisory LLC now owns 13,072 shares of the enterprise software provider's stock valued at $1,931,000 after acquiring an additional 104 shares during the last quarter. Intellus Advisors LLC bought a new stake in Oracle in the first quarter worth $205,000. Empirical Finance LLC increased its position in Oracle by 1.6% during the first quarter. Empirical Finance LLC now owns 45,595 shares of the enterprise software provider's stock worth $6,375,000 after buying an additional 723 shares during the last quarter. Security Financial Services INC. raised its holdings in Oracle by 22.1% during the first quarter. Security Financial Services INC. now owns 5,765 shares of the enterprise software provider's stock valued at $806,000 after buying an additional 1,045 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its position in shares of Oracle by 4.0% in the first quarter. FourThought Financial Partners LLC now owns 4,426 shares of the enterprise software provider's stock worth $619,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORCL. DA Davidson increased their price target on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Guggenheim increased their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Finally, BMO Capital Markets increased their price target on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $218.29.

Oracle Stock Down 0.4%

Shares of NYSE:ORCL traded down $1.04 during mid-day trading on Wednesday, reaching $248.94. 2,656,632 shares of the stock were exchanged, compared to its average volume of 12,045,380. The stock's 50 day simple moving average is $207.98 and its 200-day simple moving average is $172.90. Oracle Corporation has a one year low of $118.86 and a one year high of $253.07. The company has a market cap of $699.23 billion, a P/E ratio of 57.32, a P/E/G ratio of 3.70 and a beta of 1.39. 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 released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS 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 company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.80%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% 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 this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,669 shares of company stock valued at $85,555,309. 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.