Optima Capital LLC Boosts Holdings in Oracle Corporation $ORCL

Optima Capital LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 17.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,072 shares of the enterprise software provider’s stock after buying an additional 767 shares during the period. Optima Capital LLC’s holdings in Oracle were worth $709,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock worth $35,984,000 after buying an additional 107,404 shares during the last quarter. Lockheed Martin Investment Management Co. increased its holdings in Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock worth $7,179,000 after buying an additional 2,110 shares during the last quarter. CBM Financial LLC purchased a new stake in Oracle during the first quarter worth about $356,000. Nuveen LLC purchased a new stake in Oracle during the first quarter worth about $732,692,000. Finally, Acorns Advisers LLC increased its holdings in Oracle by 63.4% during the first quarter. Acorns Advisers LLC now owns 2,710 shares of the enterprise software provider’s stock worth $379,000 after buying an additional 1,051 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction on Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ORCL shares. The Goldman Sachs Group restated a “neutral” rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Cantor Fitzgerald upped their price objective on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday. Guggenheim upped their price objective on shares of Oracle from $250.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America raised shares of Oracle from a “neutral” rating to a “buy” rating and upped their price objective for the company from $295.00 to $368.00 in a report on Wednesday. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $296.84.

Oracle Stock Down 6.3%

ORCL stock opened at $307.64 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $864.11 billion, a PE ratio of 71.21, a PEG ratio of 4.91 and a beta of 1.46. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The stock has a 50-day simple moving average of $243.59 and a two-hundred day simple moving average of $189.52.

Oracle (NYSE:ORCL) last posted its earnings results 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. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is presently 46.08%.

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.