Van Lanschot Kempen Investment Management N.V. Has $23.63 Million Stock Holdings in Oracle Corporation $ORCL

Van Lanschot Kempen Investment Management N.V. grew its position in shares of Oracle Corporation (NYSE:ORCL) by 37.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,981 shares of the enterprise software provider’s stock after buying an additional 46,100 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Oracle were worth $23,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ORCL. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company’s stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.

Oracle Trading Up 0.2%

ORCL opened at $248.86 on Tuesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company’s 50 day moving average price is $231.98 and its two-hundred day moving average price is $181.14. The firm has a market capitalization of $699.01 billion, a price-to-earnings ratio of 57.34, a PEG ratio of 3.71 and a beta of 1.43.

Oracle (NYSE:ORCL) last issued its quarterly 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 analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. As a group, research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

ORCL has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Oracle from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their target price on Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, June 12th. Citigroup upgraded Oracle from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada boosted their price target on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Finally, Mizuho increased their price objective on shares of Oracle from $245.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $227.04.

Oracle 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.