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King Luther Capital Management Corp Sells 39,908 Shares of Oracle Corporation (NYSE:ORCL)

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Key Points

  • King Luther Capital Management Corp reduced its stake in Oracle Corporation by 1.4%, selling 39,908 shares and maintaining ownership of approximately 2.78 million shares.
  • Insider selling activity includes Clayton M. Magouyrk and Michael D. Sicilia, who sold 15,000 and 15,880 shares respectively, indicating a notable decline in their ownership percentages.
  • Oracle recently announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 0.8% and a payout ratio of 46.08%.
  • Looking to Export and Analyze Oracle Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

King Luther Capital Management Corp cut its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,785,825 shares of the enterprise software provider's stock after selling 39,908 shares during the period. Oracle makes up approximately 1.8% of King Luther Capital Management Corp's investment portfolio, making the stock its 10th largest holding. King Luther Capital Management Corp owned about 0.10% of Oracle worth $389,486,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. Northern Trust Corp grew its stake in Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Oracle by 20.5% in 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 acquiring an additional 2,350,448 shares during the period. Polen Capital Management LLC grew its stake in Oracle by 17.6% in the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after acquiring an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after acquiring an additional 94,236 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on 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 represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rona Alison Fairhead acquired 480 shares of the company's stock in a transaction on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 444,183 shares of company stock valued at $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.3%

ORCL traded up $0.65 on Friday, hitting $250.04. 8,301,832 shares of the company were exchanged, compared to its average volume of 10,261,765. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock's fifty day moving average is $222.64 and its 200-day moving average is $177.75. The company has a market cap of $702.32 billion, a PE ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORCL. JMP Securities boosted their target price on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Westpark Capital upped their price objective on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. BMO Capital Markets upped their price objective on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, TD Cowen upped their price objective on Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $222.75.

Read Our Latest Report on Oracle

Oracle Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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