Caisse DE Depot ET Placement DU Quebec Has $58.59 Million Holdings in Oracle Corporation $ORCL

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Oracle Corporation by 41.9%, holding approximately $58.59 million worth of shares after selling nearly 302,000 shares.
• Oracle's latest earnings report revealed $15.90 billion in revenue for the quarter, exceeding analysts' expectations and marking an 11.3% year-over-year increase.
• The company announced a quarterly dividend of $0.50 per share, representing a 0.8% dividend yield with a payout ratio of approximately 46.08%.

Caisse DE Depot ET Placement DU Quebec trimmed its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 41.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 419,062 shares of the enterprise software provider's stock after selling 301,951 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Oracle were worth $58,589,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Clarkston Capital Partners LLC increased its holdings in Oracle by 1.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock worth $879,000 after acquiring an additional 68 shares during the last quarter. Tacita Capital Inc raised its position in shares of Oracle by 6.0% in the first quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after purchasing an additional 70 shares during the period. Flynn Zito Capital Management LLC lifted its stake in shares of Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after buying an additional 71 shares in the last quarter. Tiller Private Wealth Inc. lifted its position in shares of Oracle by 4.6% during the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock worth $224,000 after acquiring an additional 71 shares in the last quarter. Finally, Cadence Bank boosted its holdings in shares of Oracle by 1.0% in the first quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock worth $1,040,000 after acquiring an additional 71 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $235.48 on Tuesday. The business's 50-day moving average price is $235.86 and its 200-day moving average price is $183.37. The firm has a market capitalization of $661.42 billion, a PE ratio of 54.26, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.63 earnings per share. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued 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 0.8%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In other Oracle 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm'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 directly owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock worth $86,521,198 over the last 90 days. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ORCL shares. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. TD Cowen increased their price target on shares of Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Mizuho upped their target price on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Evercore ISI increased their target price on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $227.04.

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.

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