Oracle Corporation $ORCL Shares Purchased by Hilltop Partners LLC

Hilltop Partners LLC boosted its stake in Oracle Corporation (NYSE:ORCL) by 457.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,624 shares of the enterprise software provider’s stock after acquiring an additional 7,897 shares during the period. Hilltop Partners LLC’s holdings in Oracle were worth $2,104,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Oracle by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock worth $35,916,290,000 after acquiring an additional 3,353,461 shares during the last quarter. State Street Corp raised its position in Oracle by 1.7% in the second quarter. State Street Corp now owns 73,459,391 shares of the enterprise software provider’s stock valued at $16,060,427,000 after purchasing an additional 1,252,723 shares during the period. Northern Trust Corp raised its position in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the period. Norges Bank acquired a new position in Oracle during the second quarter worth $4,275,378,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after buying an additional 59,164 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ORCL. JPMorgan Chase & Co. cut their price objective on Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday. Stephens boosted their price target on shares of Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. The Goldman Sachs Group reduced their price target on shares of Oracle from $320.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group set a $325.00 price objective on shares of Oracle in a report on Thursday. Finally, Evercore ISI increased their target price on shares of Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.57.

Oracle Trading Down 4.6%

NYSE ORCL opened at $189.64 on Monday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The firm has a 50 day moving average of $245.58 and a two-hundred day moving average of $241.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $544.86 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.66.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $1.47 EPS. As a group, research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Buying and Selling at Oracle

In other news, EVP Stuart Levey sold 19,758 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. This represents a 51.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 171,513 shares of company stock worth $50,397,893. Corporate insiders own 40.90% of the company’s stock.

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.