Mn Services Vermogensbeheer B.V. Sells 45,000 Shares of Oracle Co. (NYSE:ORCL)

Mn Services Vermogensbeheer B.V. cut its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606,433 shares of the enterprise software provider's stock after selling 45,000 shares during the period. Oracle comprises about 0.7% of Mn Services Vermogensbeheer B.V.'s portfolio, making the stock its 24th biggest position. Mn Services Vermogensbeheer B.V.'s holdings in Oracle were worth $84,785,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Capital & Planning LLC increased its position in shares of Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after acquiring an additional 81 shares during the period. Brighton Jones LLC increased its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Oracle in the 4th quarter valued at about $51,084,000. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the period. Finally, Banque Pictet & Cie SA acquired a new stake in Oracle in the fourth quarter valued at approximately $1,350,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now owns 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 sold a total of 427,366 shares of company stock valued at $80,183,723 in the last quarter. Insiders own 42.20% of the company's stock.

Oracle Stock Down 1.1%

ORCL traded down $2.40 during trading on Monday, hitting $212.82. The company had a trading volume of 10,888,884 shares, compared to its average volume of 9,728,914. The company has a market cap of $595.24 billion, a PE ratio of 51.99, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.98. The business has a 50-day moving average of $152.88 and a 200-day moving average of $160.31.

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 for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The business's quarterly revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reduced their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Piper Sandler restated a "neutral" rating and set a $130.00 target price on shares of Oracle in a research note on Wednesday, June 11th. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $200.00 to $235.00 in a report on Friday. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price on the stock. Finally, Barclays lifted their target price on Oracle from $202.00 to $221.00 and gave the stock an "overweight" rating in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $194.32.

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.