Simmons Bank Boosts Stock Holdings in Oracle Corporation (NYSE:ORCL)

Simmons Bank boosted its position in Oracle Corporation (NYSE:ORCL) by 28.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,417 shares of the enterprise software provider’s stock after purchasing an additional 12,879 shares during the period. Simmons Bank’s holdings in Oracle were worth $8,167,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ORCL. Brighton Jones LLC lifted its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Cookson Peirce & Co. Inc. lifted its stake in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. Assetmark Inc. lifted its stake in Oracle by 374.0% in the fourth quarter. Assetmark Inc. now owns 51,033 shares of the enterprise software provider’s stock valued at $8,504,000 after purchasing an additional 40,266 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in Oracle by 8.5% during the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider’s stock valued at $4,475,000 after acquiring an additional 2,101 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. KeyCorp boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Guggenheim boosted their target price on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Royal Bank Of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, June 12th. Finally, Citigroup reissued an “outperform” rating on shares of Oracle in a report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.15.

Oracle Stock Up 3.2%

Shares of NYSE:ORCL opened at $237.39 on Friday. The firm has a market capitalization of $666.79 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $237.99. The firm has a fifty day moving average of $178.14 and a 200 day moving average of $164.26. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during 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%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. As a group, research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. Oracle’s payout ratio is currently 46.08%.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock worth $83,103,603 in the last quarter. 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.