Oracle Corporation (NYSE:ORCL) Shares Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC raised its position in Oracle Corporation (NYSE:ORCL) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,027 shares of the enterprise software provider’s stock after acquiring an additional 632 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Oracle were worth $2,800,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. FMR LLC grew its position in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock worth $6,332,803,000 after buying an additional 156,269 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock worth $5,954,961,000 after buying an additional 619,619 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock worth $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after buying an additional 2,176,892 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ORCL shares. Bank of America raised their price objective on Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. raised their price objective on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. DA Davidson raised their price objective on Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, UBS Group reiterated a “buy” rating and issued a $225.00 target price (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.74.

Oracle Trading Up 4.0%

Shares of ORCL opened at $215.39 on Wednesday. The business’s 50-day moving average price is $163.48 and its 200 day moving average price is $161.64. The stock has a market capitalization of $604.99 billion, a P/E ratio of 49.63, a P/E/G ratio of 3.10 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60. 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:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 87.34% and a net margin of 21.68%. Oracle’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle’s payout ratio is presently 46.08%.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider now owns 60,722 shares of the company’s stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is currently owned by company 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.