IFM Investors Pty Ltd Grows Stock Holdings in Oracle Corporation (NYSE:ORCL)

IFM Investors Pty Ltd lifted its position in Oracle Corporation (NYSE:ORCL) by 8.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,930 shares of the enterprise software provider’s stock after purchasing an additional 27,065 shares during the quarter. IFM Investors Pty Ltd’s holdings in Oracle were worth $46,827,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hartline Investment Corp increased its holdings in shares of Oracle by 16.6% in the first quarter. Hartline Investment Corp now owns 3,794 shares of the enterprise software provider’s stock worth $530,000 after buying an additional 541 shares during the period. 44 Wealth Management LLC bought a new position in Oracle during the 1st quarter worth approximately $246,000. Royal Harbor Partners LLC grew its holdings in shares of Oracle by 3.8% in the first quarter. Royal Harbor Partners LLC now owns 3,394 shares of the enterprise software provider’s stock worth $475,000 after purchasing an additional 125 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of Oracle by 8.3% in the first quarter. Silver Oak Securities Incorporated now owns 6,412 shares of the enterprise software provider’s stock worth $903,000 after buying an additional 491 shares during the period. Finally, Calamos Advisors LLC raised its holdings in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after buying an additional 10,426 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp raised their target price on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Evercore ISI reiterated a “buy” rating on shares of Oracle in a report on Wednesday, June 18th. Roth Capital reissued a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. UBS Group set a $250.00 target price on Oracle and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, Barclays reiterated an “overweight” rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $204.15.

Oracle Stock Performance

Shares of NYSE ORCL opened at $237.39 on Friday. The firm’s 50-day moving average price is $176.16 and its 200-day moving average price is $163.79. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $237.99. The company has a market cap of $666.79 billion, a PE ratio of 54.70, a PEG ratio of 3.44 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) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company’s stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director owned 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is owned by corporate insiders.

Oracle 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.