Leeward Financial Partners LLC Lowers Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• Leeward Financial Partners LLC significantly reduced its stake in Oracle Corporation by 92.5%, maintaining only 1,569 shares valued at $219,000.
• Oracle's recent earnings showed a profit of $1.70 per share, exceeding estimates, with quarterly revenue increasing by 11.3% year-over-year.
• A quarterly dividend of $0.50 was recently declared, reflecting an annual yield of 0.8% and a payout ratio of 46.08%.

Leeward Financial Partners LLC reduced its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 92.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,569 shares of the enterprise software provider's stock after selling 19,439 shares during the period. Leeward Financial Partners LLC's holdings in Oracle were worth $219,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Oracle by 2.2% during 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 purchasing an additional 3,513,464 shares in the last quarter. Northern Trust Corp raised its position in shares of Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Oracle by 20.5% during 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 valued at $2,303,858,000 after buying an additional 2,350,448 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Oracle by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock valued at $1,340,830,000 after buying an additional 335,352 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Oracle by 9.4% in the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider's stock worth $1,136,665,000 after buying an additional 585,560 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 428,303 shares of company stock worth $82,480,056 over the last three months. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 0.3%

Oracle stock traded up $0.85 during mid-day trading on Wednesday, hitting $256.52. The company's stock had a trading volume of 9,919,562 shares, compared to its average volume of 10,380,186. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The stock has a market cap of $720.51 billion, a PE ratio of 59.11, a P/E/G ratio of 3.81 and a beta of 1.43. The company has a 50 day moving average of $217.36 and a 200-day moving average of $176.15. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently commented on ORCL shares. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Barclays reiterated an "overweight" rating and set a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Mizuho cut their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $222.75.

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.