Baldwin Investment Management LLC Increases Stock Position in Oracle Corporation (NYSE:ORCL)

Baldwin Investment Management LLC raised its holdings in Oracle Corporation (NYSE:ORCL) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,011 shares of the enterprise software provider’s stock after purchasing an additional 368 shares during the quarter. Baldwin Investment Management LLC’s holdings in Oracle were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ORCL. Brighton Jones LLC boosted its holdings in Oracle by 189.3% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Oracle by 8.1% in the 4th 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 in the last quarter. RiverFront Investment Group LLC boosted its holdings in Oracle by 50.2% in the 4th quarter. RiverFront Investment Group LLC now owns 2,871 shares of the enterprise software provider’s stock valued at $478,000 after purchasing an additional 960 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in Oracle by 99.0% in the 4th quarter. Tucker Asset Management LLC now owns 410 shares of the enterprise software provider’s stock valued at $68,000 after purchasing an additional 204 shares in the last quarter. Finally, American Money Management LLC purchased a new stake in Oracle in the 4th quarter valued at approximately $449,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.9%

Shares of ORCL opened at $245.05 on Monday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The stock has a fifty day moving average of $204.42 and a two-hundred day moving average of $171.71. The company has a market capitalization of $688.31 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. 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 (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the company earned $1.63 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. Oracle’s dividend payout ratio is presently 46.08%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares of the company’s stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, June 12th. JMP Securities lifted their price target on shares of Oracle from $240.00 to $315.00 and gave the company a “market outperform” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.29.

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.