Oracle Co. (NYSE:ORCL) Stake Raised by King Luther Capital Management Corp

King Luther Capital Management Corp grew its holdings in shares of Oracle Co. (NYSE:ORCLFree Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,893,946 shares of the enterprise software provider’s stock after buying an additional 14,445 shares during the period. Oracle accounts for about 1.5% of King Luther Capital Management Corp’s investment portfolio, making the stock its 17th biggest holding. King Luther Capital Management Corp owned 0.11% of Oracle worth $305,109,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Northern Trust Corp raised its holdings in Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Oracle by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after purchasing an additional 204,546 shares in the last quarter. Norges Bank bought a new stake in Oracle during the fourth quarter worth approximately $1,210,181,000. Finally, Invesco Ltd. raised its holdings in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after purchasing an additional 89,876 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. KeyCorp began coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Check Out Our Latest Analysis on Oracle

Oracle Trading Up 0.1 %

NYSE ORCL traded up $0.12 during trading hours on Tuesday, hitting $124.64. The company’s stock had a trading volume of 5,547,330 shares, compared to its average volume of 8,052,216. The stock has a fifty day moving average of $121.48 and a 200 day moving average of $114.64. Oracle Co. has a twelve month low of $97.29 and a twelve month high of $132.77. The firm has a market capitalization of $342.57 billion, a P/E ratio of 32.85, a PEG ratio of 2.48 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCLGet Free Report) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. Equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Insider Transactions at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by insiders.

Oracle Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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