Royal Harbor Partners LLC Acquires 125 Shares of Oracle Corporation (NYSE:ORCL)

by · The Cerbat Gem

Royal Harbor Partners LLC raised its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 3.8% during the first quarter, Holdings Channel.com reports. The fund owned 3,394 shares of the enterprise software provider’s stock after purchasing an additional 125 shares during the period. Royal Harbor Partners LLC’s holdings in Oracle were worth $475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. FMR LLC boosted its position in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock worth $6,332,803,000 after purchasing an additional 156,269 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after buying an additional 619,619 shares during the period. Franklin Resources Inc. increased its position in shares of Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after buying an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp raised its stake 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 buying an additional 2,176,892 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Roth Capital reissued a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Cowen restated a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. JMP Securities set a $240.00 price objective on Oracle and gave the stock a “market outperform” rating in a report on Thursday, June 12th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $204.15.

Read Our Latest Research Report on ORCL

Oracle Stock Performance

Shares of ORCL stock opened at $237.39 on Friday. The company has a 50-day simple moving average of $176.16 and a 200 day simple moving average of $163.79. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.44 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is presently 46.08%.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’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 sale, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director directly owned 31,764 shares in the company, valued at $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. In the last three months, insiders have sold 440,366 shares of company stock worth $83,103,603. Insiders own 42.20% of the company’s stock.

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.

Further Reading

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).