Oracle Co. (NYSE:ORCL) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC lifted its holdings in Oracle Co. (NYSE:ORCLFree Report) by 2.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,587 shares of the enterprise software provider’s stock after purchasing an additional 4,709 shares during the period. Jennison Associates LLC’s holdings in Oracle were worth $26,201,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in shares of Oracle in the first quarter valued at $25,000. Orion Capital Management LLC acquired a new stake in Oracle in the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in Oracle in the 3rd quarter valued at about $27,000. Tidemark LLC acquired a new stake in Oracle in the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Oracle in the 4th quarter valued at about $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. KeyCorp increased their price target on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Evercore ISI increased their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Stifel Nicolaus raised their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

View Our Latest Stock Analysis on ORCL

Oracle Price Performance

ORCL stock opened at $140.66 on Wednesday. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $145.79. The stock’s fifty day simple moving average is $129.20 and its 200-day simple moving average is $120.12. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a market capitalization of $387.64 billion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02.

Oracle (NYSE:ORCLGet Free Report) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the business earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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