Capital International Ltd. CA Acquires 17,877 Shares of Oracle Corporation $ORCL

Capital International Ltd. CA increased its holdings in shares of Oracle Corporation (NYSE:ORCLFree Report) by 303.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,767 shares of the enterprise software provider’s stock after purchasing an additional 17,877 shares during the period. Capital International Ltd. CA’s holdings in Oracle were worth $6,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Winnow Wealth LLC bought a new stake in Oracle during the 2nd quarter worth approximately $28,000. Kilter Group LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $30,000. Darwin Wealth Management LLC increased its holdings in Oracle by 130.0% in the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 65 shares in the last quarter. Financial Consulate Inc. acquired a new position in Oracle in the third quarter valued at approximately $37,000. Finally, Collier Financial bought a new position in shares of Oracle during the 3rd quarter worth approximately $38,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL stock opened at $151.54 on Tuesday. The firm has a market cap of $435.39 billion, a PE ratio of 28.48, a P/E/G ratio of 1.34 and a beta of 1.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The business has a 50 day moving average of $168.85 and a 200-day moving average of $220.05.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. Oracle’s dividend payout ratio is 37.59%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Royal Bank Of Canada decreased their price target on shares of Oracle from $195.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 4th. Wells Fargo & Company started coverage on shares of Oracle in a research report on Wednesday, December 3rd. They set an “overweight” rating and a $280.00 price objective on the stock. Oppenheimer upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $185.00 target price for the company in a research note on Wednesday, February 25th. Finally, Mizuho set a $400.00 price target on Oracle in a research note on Monday, December 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $275.51.

Check Out Our Latest Stock Report on ORCL

Insider Buying and Selling

In related news, CEO Clayton M. Magouyrk sold 10,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $155.23, for a total transaction of $1,552,300.00. Following the completion of the sale, the chief executive officer directly owned 134,030 shares in the company, valued at $20,805,476.90. This represents a 6.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Douglas A. Kehring sold 35,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $194.89, for a total value of $6,821,150.00. Following the completion of the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $6,555,709.82. This represents a 50.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 72,223 shares of company stock worth $13,689,064. Insiders own 40.90% of the company’s stock.

Key Oracle News

Here are the key news stories impacting Oracle this week:

Oracle Company Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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