Mather Group LLC. Grows Stock Position in Oracle Corporation (NYSE:ORCL)

by · The Cerbat Gem

Mather Group LLC. increased its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 6.7% in the 1st quarter, HoldingsChannel reports. The fund owned 26,607 shares of the enterprise software provider’s stock after purchasing an additional 1,682 shares during the quarter. Mather Group LLC.’s holdings in Oracle were worth $3,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Rockland Trust Co. increased its position in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares during the last quarter. Cornerstone Advisory LLC increased its position in shares of Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $211,000. Secure Asset Management LLC lifted its holdings in shares of Oracle by 21.8% in the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after acquiring an additional 2,365 shares during the last quarter. Finally, City National Bank of Florida MSD acquired a new position in shares of Oracle in the 4th quarter worth approximately $274,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 4.2%

Shares of NYSE:ORCL opened at $218.98 on Tuesday. The firm has a 50 day simple moving average of $170.34 and a 200-day simple moving average of $162.47. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $228.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $615.08 billion, a PE ratio of 50.46, a P/E/G ratio of 3.15 and a beta of 1.32.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the company earned $1.63 earnings per share. Oracle’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal 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 paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. Oracle’s dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Ten investment 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 stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $200.26.

Read Our Latest Stock Report on ORCL

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were 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 of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is owned by corporate 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.

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