Oracle Corporation (NYSE:ORCL) Shares Sold by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC lessened its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,391 shares of the enterprise software provider's stock after selling 50,601 shares during the period. Oracle makes up about 3.1% of Mar Vista Investment Partners LLC's portfolio, making the stock its 14th largest holding. Mar Vista Investment Partners LLC's holdings in Oracle were worth $37,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Norges Bank acquired a new stake in shares of Oracle during the fourth quarter worth $2,216,314,000. GAMMA Investing LLC grew its holdings in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 worth $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Vanguard Group Inc. lifted its stake in shares of Oracle by 1.5% in 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 buying an additional 2,296,069 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of Oracle by 268.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

NYSE ORCL traded down $4.55 during mid-day trading on Friday, hitting $230.45. The stock had a trading volume of 10,172,356 shares, compared to its average volume of 10,259,055. The firm's 50 day moving average is $187.16 and its 200 day moving average is $166.49. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $647.29 billion, a price-to-earnings ratio of 53.10, a PEG ratio of 3.51 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during 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 company's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 EPS. Equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORCL. Westpark Capital lifted their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $209.33.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were 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 $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction 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 sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock valued at $84,784,653 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

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.