Oracle Corporation (NYSE:ORCL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,624 shares of the enterprise software provider's stock after selling 3,890 shares during the quarter. Mutual of America Capital Management LLC's holdings in Oracle were worth $26,372,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Brighton Jones LLC boosted its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Winslow Capital Management LLC boosted its holdings in shares of Oracle by 47.1% in the fourth quarter. Winslow Capital Management LLC now owns 3,066,200 shares of the enterprise software provider's stock valued at $510,952,000 after acquiring an additional 981,955 shares in the last quarter. Waddell & Associates LLC boosted its holdings in shares of Oracle by 13.7% in the fourth quarter. Waddell & Associates LLC now owns 8,797 shares of the enterprise software provider's stock valued at $1,466,000 after acquiring an additional 1,060 shares in the last quarter. Finally, DRW Securities LLC boosted its holdings in shares of Oracle by 126.5% in the fourth quarter. DRW Securities LLC now owns 10,576 shares of the enterprise software provider's stock valued at $1,762,000 after acquiring an additional 5,907 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORCL. Cowen reissued a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and upped their price target for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Scotiabank began coverage on shares of Oracle in a report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target on the stock. UBS Group upped their price target on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $222.75.

Oracle Stock Up 0.3%

Shares of ORCL traded up $0.65 during midday trading on Friday, hitting $250.04. 8,301,832 shares of the company's stock traded hands, compared to its average volume of 10,356,510. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The firm's fifty day moving average is $222.64 and its 200-day moving average is $177.85. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $702.32 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued 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. The company 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 firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

Insider Buying and Selling

In related news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last quarter. 42.20% of the stock is owned by insiders.

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.