Oracle Corporation (NYSE:ORCL) Shares Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC lifted its position in Oracle Corporation (NYSE:ORCL) by 131.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,435 shares of the enterprise software provider’s stock after purchasing an additional 20,134 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Oracle were worth $4,954,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Dimensional Fund Advisors LP lifted its position in Oracle by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider’s stock worth $1,340,830,000 after acquiring an additional 335,352 shares during the period. Deutsche Bank AG raised its stake in shares of Oracle by 9.4% during the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider’s stock worth $1,136,665,000 after buying an additional 585,560 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after buying an additional 4,723,631 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.3%

Shares of NYSE ORCL opened at $255.80 on Wednesday. The stock’s 50 day moving average price is $217.36 and its two-hundred day moving average price is $176.15. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The stock has a market capitalization of $718.50 billion, a P/E ratio of 58.94, a PEG ratio of 3.77 and a beta of 1.43. 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 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. 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 for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal 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 issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s dividend payout ratio is 46.08%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This trade represents 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 428,303 shares of company stock valued at $82,480,056. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ORCL. Oppenheimer reissued an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Scotiabank began coverage on Oracle in a report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 price target for the company. JPMorgan Chase & Co. raised their price target on Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Royal Bank Of Canada raised their price target on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, June 12th. Finally, Piper Sandler raised Oracle from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.96.

Oracle Company 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.