Invesco Ltd. Cuts Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• Invesco Ltd. reduced its stake in Oracle Corporation by selling 84,022 shares, bringing its total ownership to approximately 6.2 million shares valued at $869.5 million, representing a 1.3% decrease in ownership.
• Oracle reported a net margin of 21.68% and earnings of $1.70 per share for the latest quarter, exceeding analysts' expectations of $1.64 EPS.
• The company announced a quarterly dividend of $0.50, reflecting an annualized dividend yield of 0.8%, with a dividend payout ratio of 46.08%.

Invesco Ltd. lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,219,444 shares of the enterprise software provider's stock after selling 84,022 shares during the quarter. Invesco Ltd. owned approximately 0.22% of Oracle worth $869,541,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased 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 in the last quarter. Northern Trust Corp increased its holdings in Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Oracle by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after acquiring an additional 94,236 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Oracle by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock worth $1,340,830,000 after acquiring an additional 335,352 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 0.3%

ORCL traded up $0.65 during trading on Friday, reaching $250.04. The company had a trading volume of 8,301,832 shares, compared to its average volume of 10,261,765. The stock has a market cap of $702.32 billion, a P/E ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. The business has a 50 day simple moving average of $222.64 and a 200-day simple moving average of $177.75. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The company has a quick ratio of 0.75, a current 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. On average, equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 over the last 90 days. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. DA Davidson upped their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, JMP Securities upped their price target on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $222.75.

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.