Oracle Corporation $ORCL Shares Acquired by Cim Investment Management Inc.

Cim Investment Management Inc. boosted its stake in shares of Oracle Corporation (NYSE:ORCL) by 99.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,201 shares of the enterprise software provider’s stock after purchasing an additional 8,085 shares during the period. Oracle makes up approximately 0.7% of Cim Investment Management Inc.’s portfolio, making the stock its 24th biggest holding. Cim Investment Management Inc.’s holdings in Oracle were worth $3,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Oracle during the second quarter worth about $4,275,378,000. Vanguard Group Inc. grew its holdings in shares of Oracle by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after purchasing an additional 3,353,461 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Oracle during the 2nd quarter worth about $731,512,000. Invesco Ltd. increased its position in Oracle by 42.1% during the 2nd quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock worth $1,932,507,000 after purchasing an additional 2,619,722 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Oracle by 840.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock valued at $463,380,000 after buying an additional 1,894,157 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 4.6%

NYSE:ORCL opened at $189.64 on Monday. The stock has a market cap of $544.86 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.66. 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 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50-day simple moving average is $245.58 and its 200 day simple moving average is $241.93.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the business earned $1.47 EPS. Oracle’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio is 37.59%.

Insider Activity

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This trade represents a 24.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. This trade represents a 51.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 171,513 shares of company stock worth $50,397,893 over the last ninety days. Insiders own 40.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ORCL shares. UBS Group set a $325.00 target price on shares of Oracle in a research note on Thursday. Royal Bank Of Canada lowered their price target on Oracle from $310.00 to $250.00 and set a “sector perform” rating for the company in a report on Thursday. Cantor Fitzgerald reduced their price objective on Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday. HSBC reaffirmed a “buy” rating and issued a $382.00 target price on shares of Oracle in a research report on Wednesday, November 26th. Finally, BMO Capital Markets dropped their target price on Oracle from $355.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.57.

Oracle 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.