Oracle Co. (NYSE:ORCL) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in shares of Oracle Co. (NYSE:ORCLGet Rating) by 16.7% in the 1st quarter, HoldingsChannel reports. The firm owned 269,576 shares of the enterprise software provider’s stock after purchasing an additional 38,538 shares during the period. IFM Investors Pty Ltd’s holdings in Oracle were worth $22,302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keel Point LLC lifted its holdings in shares of Oracle by 4.9% in the 4th quarter. Keel Point LLC now owns 2,717 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 126 shares during the last quarter. Teamwork Financial Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter valued at about $386,000. Keene & Associates Inc. purchased a new stake in shares of Oracle in the 4th quarter valued at about $2,845,000. CWM LLC purchased a new stake in shares of Oracle in the 4th quarter valued at about $39,749,000. Finally, Xponance Inc. lifted its holdings in shares of Oracle by 7.5% in the 4th quarter. Xponance Inc. now owns 262,943 shares of the enterprise software provider’s stock valued at $22,931,000 after purchasing an additional 18,330 shares during the last quarter. 42.33% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $77.84 on Monday. Oracle Co. has a one year low of $63.76 and a one year high of $106.34. The business’s fifty day moving average price is $71.05 and its two-hundred day moving average price is $75.76. The stock has a market cap of $207.44 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.84.

Oracle (NYSE:ORCLGet Rating) last posted its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The business had revenue of $11.84 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Oracle Co. will post 4.43 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Monday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 53.33%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 1,000,000 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total value of $66,870,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $74,800,247.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Oracle news, insider Edward Screven sold 419,174 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total value of $66,870,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $74,800,247.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,399,174 shares of company stock valued at $232,369,224. 43.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Monness Crespi & Hardt reduced their price objective on Oracle from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Tuesday, June 14th. Daiwa Capital Markets reduced their price objective on Oracle from $87.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, June 27th. JPMorgan Chase & Co. set a $82.00 price objective on Oracle in a research note on Thursday, June 16th. Jefferies Financial Group upped their price objective on Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. Finally, Barclays set a $82.00 target price on Oracle in a research note on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.95.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

See Also

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLGet Rating).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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