Oracle Corporation (NYSE:ORCL) Stock Position Boosted by Invesco LLC

Invesco LLC lifted its position in Oracle Corporation (NYSE:ORCL) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,388 shares of the enterprise software provider’s stock after acquiring an additional 7,865 shares during the period. Oracle accounts for 6.2% of Invesco LLC’s holdings, making the stock its 2nd largest position. Invesco LLC’s holdings in Oracle were worth $15,154,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC purchased a new stake in Oracle in the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter worth $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.9%

ORCL stock opened at $207.08 on Tuesday. The company’s 50 day moving average price is $161.85 and its 200 day moving average price is $161.26. The firm has a market capitalization of $581.65 billion, a price-to-earnings ratio of 47.71, a PEG ratio of 3.08 and a beta of 1.32. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

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

Oracle Dividend Announcement

The firm also recently announced 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. This represents a $2.00 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is 46.08%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock valued at $83,395,223 over the last three months. 42.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Royal Bank Of Canada increased their price target on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Piper Sandler restated a “neutral” rating and set a $130.00 price target on shares of Oracle in a report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Evercore ISI reissued a “buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.74.

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.