Intech Investment Management LLC Has $39.33 Million Holdings in Oracle Corporation $ORCL

Key Points

• Intech Investment Management LLC sold 69,115 shares of Oracle Corporation, reducing its stake by 19.7%, now holding 281,324 shares valued at $39.3 million.
• A variety of institutional investors have shown significant activity in Oracle, with Hedge funds and other institutions collectively holding 42.44% of the company's stock.
• Oracle recently announced a quarterly dividend of $0.50 per share, set to be paid on October 23, reflecting an annualized yield of 0.8%.

Intech Investment Management LLC trimmed its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281,324 shares of the enterprise software provider's stock after selling 69,115 shares during the period. Intech Investment Management LLC's holdings in Oracle were worth $39,332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. boosted its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. lifted its stake in shares of Oracle by 4.3% in the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after buying an additional 2,110 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Oracle in the first quarter worth $732,692,000. Rockland Trust Co. lifted its stake in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after buying an additional 467 shares during the last quarter. Finally, Calamos Advisors LLC lifted its stake in shares of Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after buying an additional 10,426 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL stock traded down $15.79 during trading on Friday, hitting $292.07. The company had a trading volume of 51,618,969 shares, compared to its average volume of 13,335,661. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33. The company has a fifty day moving average price of $243.59 and a two-hundred day moving average price of $189.52. The company has a market cap of $820.37 billion, a P/E ratio of 67.61, a P/E/G ratio of 4.91 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 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insiders Place Their Bets

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,183 shares of company stock valued at $10,353,198 over the last quarter. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. KeyCorp raised their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. TD Cowen raised their price target on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday. Bank of America raised Oracle from a "neutral" rating to a "buy" rating and raised their price target for the company from $295.00 to $368.00 in a research report on Wednesday. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $296.84.

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.