Oracle Corporation $ORCL Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC grew its position in shares of Oracle Corporation (NYSE:ORCL) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,997 shares of the enterprise software provider’s stock after buying an additional 3,058 shares during the quarter. Oracle accounts for 0.7% of Nilsine Partners LLC’s investment portfolio, making the stock its 27th largest holding. Nilsine Partners LLC’s holdings in Oracle were worth $7,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Oracle in the 2nd quarter valued at approximately $4,275,378,000. Vanguard Group Inc. boosted its position in shares of Oracle by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after buying an additional 3,353,461 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Oracle in the 2nd quarter valued at about $731,512,000. Invesco Ltd. increased its holdings in Oracle by 42.1% during the 2nd quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock valued at $1,932,507,000 after acquiring an additional 2,619,722 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Oracle by 840.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock valued at $463,380,000 after acquiring an additional 1,894,157 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the completion of the sale, the executive vice president directly owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 155,190 shares of company stock valued at $45,279,001 in the last ninety days. 40.90% of the stock is owned by company insiders.

Oracle Stock Performance

Oracle stock opened at $188.52 on Wednesday. The stock has a fifty day moving average price of $241.52 and a 200 day moving average price of $242.25. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The firm has a market capitalization of $541.65 billion, a P/E ratio of 35.44, a PEG ratio of 1.69 and a beta of 1.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the business earned $1.47 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a yield of 1.1%. Oracle’s dividend payout ratio is 37.59%.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. Piper Sandler lowered their price target on shares of Oracle from $380.00 to $290.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $375.00 price target on shares of Oracle in a research report on Wednesday, November 26th. Mizuho set a $400.00 price objective on Oracle in a research report on Monday. Royal Bank Of Canada decreased their price objective on Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 11th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.92.

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.