Blue Whale Capital LLP Makes New $3.84 Million Investment in Oracle Co. (NYSE:ORCL)

Blue Whale Capital LLP purchased a new stake in Oracle Co. (NYSE:ORCL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 27,206 shares of the enterprise software provider’s stock, valued at approximately $3,841,000. Oracle accounts for approximately 0.3% of Blue Whale Capital LLP’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brio Consultants LLC boosted its stake in Oracle by 4.1% during the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after buying an additional 117 shares during the period. Precision Wealth Strategies LLC boosted its position in Oracle by 4.1% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after buying an additional 155 shares during the period. Gilbert & Cook Inc. acquired a new position in shares of Oracle in the fourth quarter worth $359,000. Aveo Capital Partners LLC purchased a new stake in shares of Oracle during the fourth quarter worth $290,000. Finally, 9258 Wealth Management LLC raised its stake in shares of Oracle by 0.6% in the fourth quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after acquiring an additional 560 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. Insiders sold a total of 1,610,402 shares of company stock valued at $230,556,257 over the last 90 days. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $167.96 on Friday. The company’s fifty day moving average is $142.30 and its two-hundred day moving average is $131.81. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $465.41 billion, a P/E ratio of 45.27, a PEG ratio of 3.21 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $173.99.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. Analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on Oracle from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Evercore ISI boosted their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Citigroup upped their target price on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 11th. TD Cowen boosted their price target on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

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.