Gotham Asset Management LLC Has $10.53 Million Holdings in Oracle Corporation $ORCL

Key Points

• Gotham Asset Management LLC reduced its position in Oracle Corporation by 11.5% during the first quarter, holding 75,323 shares worth approximately $10.53 million as of the latest filing.
• Insiders sold a total of 444,183 shares of Oracle stock in the last quarter, valued at $86.52 million, indicating significant insider activity impacting ownership percentages.
• Several research firms upgraded Oracle's price targets, with JMP Securities raising theirs from $240.00 to $315.00, reflecting strong positive sentiment in the market about the company's performance.

Gotham Asset Management LLC lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,323 shares of the enterprise software provider's stock after selling 9,773 shares during the quarter. Gotham Asset Management LLC's holdings in Oracle were worth $10,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. Northern Trust Corp raised its holdings in Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Amundi raised its holdings in Oracle by 3.3% in the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after acquiring an additional 409,691 shares during the period. Finally, Polen Capital Management LLC raised its holdings in Oracle by 17.6% in the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares during the period. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. BMO Capital Markets boosted their price objective on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, Westpark Capital boosted their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $227.04.

Insider Buying and Selling at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 in the last 90 days. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of Oracle stock traded up $9.87 during trading on Friday, hitting $232.87. 15,362,371 shares of the company's stock traded hands, compared to its average volume of 10,036,564. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm's fifty day moving average price is $239.38 and its 200 day moving average price is $186.65. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a market cap of $654.10 billion, a PE ratio of 53.66, a PEG ratio of 3.47 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm's revenue was up 11.3% on a year-over-year basis. Analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is 46.08%.

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.