Oracle Corporation $ORCL Stock Holdings Decreased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its stake in Oracle Corporation by 13.2%, now holding 31,173 shares valued at approximately $4.36 million.
• Multiple institutional investors made significant changes to their positions in Oracle, with GAMMA Investing LLC increasing its stake by over 15,000% and Vanguard Group now owning 160.9 million shares worth around $22.5 billion.
• Oracle's recent earnings showed a net margin of 21.68% and total revenue of $15.90 billion, exceeding analyst estimates and featuring a dividend announcement of $0.50 per share due on October 23rd.

Belpointe Asset Management LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 13.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,173 shares of the enterprise software provider's stock after selling 4,734 shares during the period. Belpointe Asset Management LLC's holdings in Oracle were worth $4,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the period. Northern Trust Corp boosted its holdings in shares of Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after purchasing an additional 59,164 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Oracle by 20.5% in the 4th 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 last quarter. Finally, Amundi boosted its holdings in shares of Oracle by 3.3% in the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after purchasing an additional 409,691 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORCL. Guggenheim lifted their price target on shares of Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday. Morgan Stanley raised their target price on shares of Oracle from $175.00 to $246.00 and gave the company an "equal weight" rating in a research note on Monday, September 8th. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. Westpark Capital raised their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, TD Cowen raised their target price on shares of Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $296.84.

Insiders Place Their Bets

In other news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,183 shares of company stock worth $10,353,198. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Down 5.1%

ORCL traded down $15.79 during trading hours on Friday, reaching $292.07. 51,618,969 shares of the stock traded hands, compared to its average volume of 20,941,788. The company has a market cap of $820.38 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 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 $345.72. The firm's fifty day simple moving average is $244.69 and its two-hundred day simple moving average is $190.37.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Oracle Company 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.