Volterra Technologies LP Invests $946,000 in Oracle Corporation $ORCL

Volterra Technologies LP acquired a new stake in shares of Oracle Corporation (NYSE:ORCL) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,328 shares of the enterprise software provider’s stock, valued at approximately $946,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Snider Financial Group lifted its holdings in shares of Oracle by 1.3% in the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after buying an additional 40 shares during the period. SNS Financial Group LLC raised its position in Oracle by 0.9% during the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares in the last quarter. PKS Advisory Services LLC lifted its holdings in Oracle by 1.9% in the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after acquiring an additional 42 shares during the period. Reyes Financial Architecture Inc. boosted its position in Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC grew its stake in shares of Oracle by 5.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after purchasing an additional 43 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, CEO Clayton M. Magouyrk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. This trade represents a 20.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were 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 owned 132,656 shares of the company’s stock, 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 90 days, insiders sold 204,254 shares of company stock worth $60,227,807. 40.90% of the stock is owned by company insiders.

Oracle Stock Up 0.8%

Shares of NYSE:ORCL opened at $223.27 on Thursday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market cap of $636.50 billion, a P/E ratio of 51.68, a PEG ratio of 2.51 and a beta of 1.66. The business has a fifty day moving average of $249.32 and a two-hundred day moving average of $240.90. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, September 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $14.93 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the firm earned $1.39 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts expect 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 will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, January 9th. Oracle’s payout ratio is 46.30%.

Analysts Set New Price Targets

Several research firms recently issued reports on ORCL. Barclays decreased their target price on shares of Oracle from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday. Bank of America decreased their price objective on shares of Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank increased their target price on shares of Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Erste Group Bank lowered Oracle from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Robert W. Baird reduced their price target on Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a report on Tuesday, November 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $311.57.

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.