Oracle Corporation (NYSE:ORCL) Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Oracle Corporation (NYSE:ORCL) by 71.7% during the first quarter, Holdings Channel reports. The fund owned 687,000 shares of the enterprise software provider’s stock after acquiring an additional 286,987 shares during the quarter. Oracle makes up 1.3% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 23rd largest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in Oracle were worth $96,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. FMR LLC raised its holdings 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 valued at $6,332,803,000 after acquiring an additional 156,269 shares during the period. Geode Capital Management LLC raised its holdings 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 valued at $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. raised its holdings 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 valued at $3,366,531,000 after acquiring an additional 1,722,037 shares during the period. Finally, Northern Trust Corp raised its holdings 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 valued at $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $248.37 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average is $194.31 and its two-hundred day moving average is $168.39. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $251.60. The firm has a market capitalization of $697.62 billion, a price-to-earnings ratio of 57.14, a P/E/G ratio of 3.61 and a beta of 1.39.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several research analysts have weighed in on ORCL shares. Stifel Nicolaus upgraded shares of Oracle from a “hold” rating to a “buy” rating and upped their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Citigroup reiterated an “outperform” rating on shares of Oracle in a research note on Friday. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 9th. Finally, KeyCorp upped their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.29.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 445,366 shares of company stock valued at $84,784,653. Insiders own 42.20% of the company’s stock.

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.