Zevenbergen Capital Investments LLC Grows Position in Oracle Corporation $ORCL

Zevenbergen Capital Investments LLC grew its stake in Oracle Corporation (NYSE:ORCL) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,910 shares of the enterprise software provider’s stock after purchasing an additional 200 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Oracle were worth $35,836,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in Oracle in the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC purchased a new stake in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted 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 in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of the business’s stock in a transaction on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 44,183 shares of company stock worth $10,353,198 in the last quarter. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ORCL. BNP Paribas set a $377.00 price objective on Oracle in a research report on Wednesday. Piper Sandler increased their target price on Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Citigroup reiterated an “outperform” rating on shares of Oracle in a research report on Wednesday. Finally, Roth Capital reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $296.84.

Oracle Stock Down 5.1%

NYSE ORCL opened at $292.07 on Friday. The business has a fifty day moving average price of $244.69 and a 200 day moving average price of $190.50. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The company has a market cap of $820.38 billion, a P/E ratio of 67.61, a P/E/G ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company earned $1.63 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.30%.

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.