Oracle Corporation (NYSE:ORCL) Shares Acquired by Cheviot Value Management LLC

Cheviot Value Management LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 65.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,715 shares of the enterprise software provider’s stock after buying an additional 1,469 shares during the period. Cheviot Value Management LLC’s holdings in Oracle were worth $555,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock worth $6,332,803,000 after buying an additional 156,269 shares during the period. Northern Trust Corp increased its position in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Oracle by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider’s stock valued at $1,340,830,000 after purchasing an additional 335,352 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Oracle by 9.4% in the fourth quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider’s stock valued at $1,136,665,000 after purchasing an additional 585,560 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 3.7%

ORCL opened at $244.44 on Friday. The business’s fifty day moving average is $213.55 and its two-hundred day moving average is $174.85. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $686.59 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 3.65 and a beta of 1.43. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle’s payout ratio is presently 46.08%.

Insider Activity at Oracle

In related news, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction dated Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 431,169 shares of company stock valued at $82,908,609 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ORCL. Stifel Nicolaus raised Oracle from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $250.00 in a report on Monday, June 30th. Bank of America boosted their target price on Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Scotiabank began coverage on Oracle in a report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 target price on the stock. Oppenheimer reissued an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Finally, DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $218.29.

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.