Values Added Financial LLC Boosts Holdings in Oracle Corporation (NYSE:ORCL)

by · The Cerbat Gem

Values Added Financial LLC boosted its stake in Oracle Corporation (NYSE:ORCL – Free Report) by 8.5% during the 1st quarter, Holdings Channel reports. The firm owned 2,718 shares of the enterprise software provider’s stock after buying an additional 213 shares during the quarter. Values Added Financial LLC’s holdings in Oracle were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Castle Wealth Management LLC lifted its holdings in Oracle by 14.6% during the 1st quarter. Castle Wealth Management LLC now owns 9,803 shares of the enterprise software provider’s stock valued at $1,371,000 after buying an additional 1,252 shares in the last quarter. North Capital Inc. acquired a new position in Oracle during the 1st quarter valued at about $297,000. D.A. Davidson & CO. raised its position in shares of Oracle by 5.6% in the 1st quarter. D.A. Davidson & CO. now owns 103,357 shares of the enterprise software provider’s stock valued at $14,450,000 after purchasing an additional 5,447 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Oracle by 10.6% in the first quarter. Principal Financial Group Inc. now owns 2,437,951 shares of the enterprise software provider’s stock worth $340,850,000 after buying an additional 234,381 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in Oracle by 1.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 139,313 shares of the enterprise software provider’s stock worth $19,477,000 after acquiring an additional 1,539 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 over the last quarter. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and set a $130.00 target price on shares of Oracle in a report on Wednesday, June 11th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Oracle in a research note on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.63.

Check Out Our Latest Stock Report on ORCL

Oracle Price Performance

Shares of NYSE:ORCL opened at $230.55 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $647.58 billion, a PE ratio of 53.12, a price-to-earnings-growth ratio of 3.28 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $234.43. The firm’s 50 day moving average price is $174.16 and its 200-day moving average price is $163.33.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 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 business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Oracle’s payout ratio is 46.08%.

About Oracle

(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.

Recommended Stories

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