Caxton Associates LLP Takes Position in Oracle Corporation $ORCL

Caxton Associates LLP purchased a new position in shares of Oracle Corporation (NYSE:ORCL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 32,494 shares of the enterprise software provider’s stock, valued at approximately $7,104,000.

Other large investors have also recently added to or reduced their stakes in the company. Snider Financial Group boosted its position in shares of Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after buying an additional 40 shares during the period. SNS Financial Group LLC raised its holdings in shares of Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after buying an additional 42 shares during the period. PKS Advisory Services LLC lifted its position in Oracle by 1.9% during the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock worth $483,000 after acquiring an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. lifted its position in Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after acquiring an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC boosted its holdings in Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after acquiring an additional 43 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock opened at $189.64 on Friday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.62 and a current ratio of 0.91. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm’s 50-day simple moving average is $245.58 and its 200-day simple moving average is $241.39. The firm has a market cap of $540.62 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.14 and a beta of 1.66.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s payout ratio is 37.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. Royal Bank Of Canada dropped their price target on shares of Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday. Rothschild Redb raised shares of Oracle to a “strong sell” rating in a research report on Thursday, September 25th. UBS Group set a $325.00 target price on Oracle in a research note on Thursday. Finally, Evercore ISI boosted their price target on Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.57.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the transaction, the executive vice president directly owned 47,083 shares in the company, valued at $13,212,431.46. This trade represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the sale, the director owned 29,225 shares of the company’s stock, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 171,513 shares of company stock worth $50,397,893. 40.90% of the stock is owned by insiders.

Oracle Company 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.