Intact Investment Management Inc. Lowers Position in Oracle Corporation (NYSE:ORCL)

Intact Investment Management Inc. lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 53.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,500 shares of the enterprise software provider's stock after selling 13,400 shares during the period. Intact Investment Management Inc.'s holdings in Oracle were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Oracle during the fourth quarter valued at about $2,216,314,000. Raymond James Financial Inc. purchased a new stake in Oracle during the fourth quarter valued at about $930,095,000. GAMMA Investing LLC raised its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Oracle by 20.5% during the fourth 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 in the last quarter. Finally, Vanguard Group Inc. raised its position in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,366 shares of company stock worth $83,395,223. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ORCL shares. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research note on Wednesday. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, UBS Group reaffirmed a "buy" rating and set a $225.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $196.74.

Oracle Stock Performance

Oracle stock opened at $205.06 on Friday. The stock's 50 day simple moving average is $160.39 and its two-hundred day simple moving average is $161.33. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The stock has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.08 and a beta of 1.32. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. 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.

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