Oracle Corporation (NYSE:ORCL) Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 877,829 shares of the enterprise software provider’s stock after buying an additional 6,995 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Oracle were worth $122,729,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of Oracle stock opened at $207.08 on Tuesday. The stock has a market cap of $581.65 billion, a price-to-earnings ratio of 47.71, a PEG ratio of 3.08 and a beta of 1.32. The firm’s 50-day moving average is $161.85 and its 200 day moving average is $161.26. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is 46.08%.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was 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 owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. BMO Capital Markets upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $200.00 to $235.00 in a report on Friday, June 13th. Citigroup reiterated an “outperform” rating on shares of Oracle in a research report on Thursday, June 12th. Mizuho decreased their target price on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.74.

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.