Oracle Corporation $ORCL Holdings Raised by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 9,278.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,919 shares of the enterprise software provider’s stock after acquiring an additional 38,504 shares during the period. Oracle comprises approximately 1.0% of Headlands Technologies LLC’s holdings, making the stock its 14th largest holding. Headlands Technologies LLC’s holdings in Oracle were worth $8,509,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in Oracle by 7.6% during the second quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock worth $1,113,526,000 after acquiring an additional 360,000 shares during the period. Private Wealth Asset Management LLC grew its holdings in shares of Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after purchasing an additional 321 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in shares of Oracle by 4.8% during the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock valued at $7,201,000 after purchasing an additional 1,515 shares during the last quarter. Cascade Investment Group Inc. acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $239,000. Finally, Lockerman Financial Group Inc. bought a new stake in shares of Oracle in the 2nd quarter worth approximately $328,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ORCL shares. Melius Research upped their price objective on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. HSBC restated a “buy” rating and set a $382.00 price target on shares of Oracle in a research report on Wednesday, November 26th. Royal Bank Of Canada cut their price objective on shares of Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Oracle in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $301.57.

Insider Buying and Selling at Oracle

In other news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the transaction, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 171,513 shares of company stock valued at $50,397,893. Corporate insiders own 40.90% of the company’s stock.

Oracle Trading Down 4.6%

Shares of NYSE:ORCL opened at $189.64 on Friday. The company has a 50 day moving average of $245.58 and a 200-day moving average of $241.39. The company has a current ratio of 0.91, a quick ratio of 0.62 and a debt-to-equity ratio of 3.28. The firm has a market cap of $540.62 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.14 and a beta of 1.66. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

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

Oracle Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Oracle’s dividend payout ratio is 37.59%.

About Oracle

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.