DCM Advisors LLC Sells 5,671 Shares of Oracle Corporation $ORCL

Key Points

• DCM Advisors LLC has reduced its stake in Oracle Corporation by 9.7%, now holding 53,055 shares after selling 5,671 shares, representing 3.9% of its investment portfolio.
• Multiple research firms have upgraded their price targets for Oracle, with Evercore ISI raising it from $215.00 to $270.00 and giving the company an "outperform" rating.
• Oracle announced a quarterly dividend of $0.50 per share, yielding 0.8%, with the annualized payout totaling $2.00 per share.

DCM Advisors LLC cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,055 shares of the enterprise software provider's stock after selling 5,671 shares during the period. Oracle comprises about 3.9% of DCM Advisors LLC's investment portfolio, making the stock its 12th largest position. DCM Advisors LLC's holdings in Oracle were worth $7,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of 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 buying an additional 404 shares in the last quarter. Investor s Fiduciary Advisor Network LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $458,000. Interval Partners LP bought a new stake in shares of Oracle in the 4th quarter valued at about $2,336,000. Finally, Lighthouse Investment Partners LLC boosted its holdings in shares of Oracle by 22.8% in the 4th quarter. Lighthouse Investment Partners LLC now owns 14,740 shares of the enterprise software provider's stock valued at $2,456,000 after buying an additional 2,740 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORCL. Evercore ISI raised their price target on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 14th. CIBC restated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Scotiabank initiated coverage on shares of Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price objective for the company. UBS Group lifted their target price on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $232.61.

Insider Activity

In related news, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction 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 transaction, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company's stock.

Oracle Trading Up 2.6%

NYSE ORCL opened at $238.78 on Tuesday. The firm has a 50 day simple moving average of $239.78 and a 200-day simple moving average of $187.22. 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 Corporation has a one year low of $118.86 and a one year high of $260.87. The firm has a market cap of $670.70 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 3.47 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 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 business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's payout ratio is presently 46.08%.

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.

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