Oracle Co. (NYSE:ORCL) Shares Purchased by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. grew its position in shares of Oracle Co. (NYSE:ORCL) by 36.7% during the first quarter, HoldingsChannel reports. The firm owned 17,988 shares of the enterprise software provider’s stock after buying an additional 4,826 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Oracle were worth $2,259,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors increased its stake in shares of Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after buying an additional 3,323,334 shares during the last quarter. Parnassus Investments LLC increased its stake in Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Putnam Investments LLC increased its stake in Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Oracle by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock valued at $1,223,775,000 after purchasing an additional 204,546 shares during the last quarter. Finally, Norges Bank bought a new stake in Oracle during the fourth quarter valued at $1,210,181,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 1,937,500 shares of company stock worth $275,229,824 in the last three months. 42.80% of the stock is owned by insiders.

Oracle Stock Down 2.3 %

NYSE ORCL traded down $3.35 during trading on Wednesday, reaching $139.26. 8,443,262 shares of the company’s stock were exchanged, compared to its average volume of 8,598,506. The company’s fifty day simple moving average is $132.31 and its 200-day simple moving average is $121.55. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $383.78 billion, a PE ratio of 37.54, a P/E/G ratio of 2.59 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 earnings per share. Sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.15%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. Citigroup lowered their target price on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. DA Davidson reissued a “neutral” rating and set a $105.00 price target on shares of Oracle in a report on Wednesday, June 12th. UBS Group boosted their price target on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, BMO Capital Markets boosted their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.