Oracle Corporation (NYSE:ORCL) Holdings Raised by Oak Ridge Investments LLC

Oak Ridge Investments LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCLFree Report) by 13.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,366 shares of the enterprise software provider’s stock after purchasing an additional 5,612 shares during the quarter. Oak Ridge Investments LLC’s holdings in Oracle were worth $6,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter valued at about $36,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $244.40 on Thursday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The firm has a fifty day simple moving average of $227.58 and a 200 day simple moving average of $179.21. The stock has a market capitalization of $686.48 billion, a price-to-earnings ratio of 56.31, a PEG ratio of 3.79 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s dividend payout ratio is presently 46.08%.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction 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 sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 in the last three months. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on ORCL shares. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, June 12th. Oppenheimer restated an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. Bank of America boosted their target price on shares of Oracle from $220.00 to $295.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Barclays reaffirmed 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. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $222.75.

Get Our Latest Analysis on Oracle

Oracle Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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