Oracle Corporation (NYSE:ORCL) Position Increased by Todd Asset Management LLC

Todd Asset Management LLC increased its position in Oracle Corporation (NYSE:ORCL) by 0.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 251,711 shares of the enterprise software provider’s stock after purchasing an additional 154 shares during the period. Todd Asset Management LLC’s holdings in Oracle were worth $35,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted its stake 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 period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 444,183 shares of company stock valued at $86,521,198. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ORCL. Bank of America lifted their target price on shares of Oracle from $220.00 to $295.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Oppenheimer reissued an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. The Goldman Sachs Group reissued a “neutral” rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Scotiabank began coverage on shares of Oracle in a research note on Thursday, July 17th. They set a “sector outperform” rating and a $300.00 target price for the company. Finally, UBS Group lifted their target price on shares of Oracle from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $222.75.

Oracle Stock Performance

NYSE ORCL opened at $250.04 on Monday. The stock has a market cap of $702.32 billion, a P/E ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. The company’s 50-day simple moving average is $222.64 and its 200 day simple moving average is $177.75. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. 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, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. As a group, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

About Oracle

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.