Great Lakes Advisors LLC Buys 4,656 Shares of Oracle Corporation $ORCL

Great Lakes Advisors LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,730 shares of the enterprise software provider’s stock after buying an additional 4,656 shares during the period. Great Lakes Advisors LLC’s holdings in Oracle were worth $55,215,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Strait & Sound Wealth Management LLC raised its holdings in Oracle by 116.9% during the first quarter. Strait & Sound Wealth Management LLC now owns 10,106 shares of the enterprise software provider’s stock valued at $1,413,000 after buying an additional 5,447 shares in the last quarter. Sciencast Management LP increased its stake in shares of Oracle by 79.0% in the first quarter. Sciencast Management LP now owns 25,637 shares of the enterprise software provider’s stock worth $3,584,000 after purchasing an additional 11,317 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Oracle by 13.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 25,515 shares of the enterprise software provider’s stock worth $3,567,000 after purchasing an additional 3,104 shares during the period. Sender Co & Partners Inc. increased its stake in shares of Oracle by 145.3% in the first quarter. Sender Co & Partners Inc. now owns 20,852 shares of the enterprise software provider’s stock worth $2,915,000 after purchasing an additional 12,351 shares during the period. Finally, Kestra Investment Management LLC increased its stake in shares of Oracle by 33.8% in the first quarter. Kestra Investment Management LLC now owns 27,064 shares of the enterprise software provider’s stock worth $3,784,000 after purchasing an additional 6,840 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 4.4%

Shares of ORCL opened at $232.87 on Monday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $654.10 billion, a price-to-earnings ratio of 53.66, a P/E/G ratio of 3.47 and a beta of 1.46. The stock’s 50-day moving average price is $239.38 and its 200 day moving average price is $186.73.

Oracle (NYSE:ORCL) last issued its quarterly 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. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. As a group, research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s payout ratio is presently 46.08%.

Analysts Set New Price Targets

A number of research firms have recently commented on ORCL. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 12th. DA Davidson lifted their price objective on Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Bank of America lifted their price objective on Oracle from $220.00 to $295.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $227.04.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rona Alison Fairhead acquired 480 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company’s stock, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 444,183 shares of company stock valued at $86,521,198. Corporate insiders own 42.20% of the company’s stock.

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.