Oracle Corporation (NYSE:ORCL) Holdings Increased by Violich Capital Management Inc.

Violich Capital Management Inc. increased its stake in Oracle Corporation (NYSE:ORCL) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,766 shares of the enterprise software provider’s stock after buying an additional 670 shares during the period. Oracle comprises about 4.1% of Violich Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Violich Capital Management Inc.’s holdings in Oracle were worth $30,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its stake in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth approximately $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays restated an “overweight” rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. TD Cowen increased their target price on Oracle from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $211.37.

Insider Transactions at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this link. Also, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 445,366 shares of company stock valued at $84,784,653. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.6%

Shares of Oracle stock opened at $229.25 on Tuesday. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s 50-day moving average is $188.76 and its 200 day moving average is $166.84. The firm has a market cap of $643.93 billion, a price-to-earnings ratio of 52.82, a PEG ratio of 3.45 and a beta of 1.39.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business 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 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 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.