Smartleaf Asset Management LLC Grows Stock Holdings in Oracle Corporation $ORCL

Smartleaf Asset Management LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL) by 5.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,959 shares of the enterprise software provider’s stock after buying an additional 1,119 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Oracle were worth $2,812,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its holdings in Oracle by 4.3% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock valued at $7,179,000 after purchasing an additional 2,110 shares in the last quarter. Nuveen LLC purchased a new stake in Oracle in the 1st quarter valued at approximately $732,692,000. Rockland Trust Co. boosted its holdings in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Finally, Calamos Advisors LLC boosted its holdings in Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 1.3%

Shares of ORCL opened at $236.1670 on Friday. The stock has a fifty day moving average of $235.36 and a two-hundred day moving average of $182.79. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $663.35 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.48 and a beta of 1.43. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the company earned $1.63 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORCL shares. JPMorgan Chase & Co. boosted their price target on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Citigroup upgraded Oracle from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. JMP Securities lifted their price objective on Oracle from $240.00 to $315.00 and gave the stock a “market outperform” rating in a research report on Friday, July 18th. Finally, Westpark Capital lifted their price objective on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $227.04.

Insiders Place Their Bets

In other news, Director Rona Alison Fairhead purchased 480 shares of the company’s stock in a transaction on Monday, July 7th. The shares were bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 60,722 shares of the company’s stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company’s stock.

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.