Oracle Corporation (NYSE:ORCL) Shares Purchased by Seaview Investment Managers LLC

Key Points

• Seaview Investment Managers LLC increased its holdings in Oracle Corporation by 6.0%, now owning 60,879 shares valued at approximately $8.5 million, making Oracle its 28th largest position.
• Insider Michael D. Sicilia sold 15,880 shares at an average price of $254.48, reducing his position by 13.80%, while insiders collectively sold 444,183 shares worth over $86 million in the last quarter.
• Oracle recently announced a quarterly dividend of $0.50 per share with a yield of 0.8%, and analysts have a consensus rating of "Moderate Buy" with an average target price of $222.75 for the stock.

Seaview Investment Managers LLC raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,879 shares of the enterprise software provider's stock after buying an additional 3,456 shares during the period. Oracle comprises 2.6% of Seaview Investment Managers LLC's investment portfolio, making the stock its 28th largest position. Seaview Investment Managers LLC's holdings in Oracle were worth $8,511,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ORCL. KLCM Advisors Inc. grew its position in Oracle by 2.2% in the first quarter. KLCM Advisors Inc. now owns 3,887 shares of the enterprise software provider's stock valued at $543,000 after acquiring an additional 84 shares in the last quarter. Trivium Point Advisory LLC grew its stake in shares of Oracle by 57.8% during the first quarter. Trivium Point Advisory LLC now owns 34,339 shares of the enterprise software provider's stock valued at $4,801,000 after acquiring an additional 12,580 shares in the last quarter. Inspire Trust Co. N.A. lifted its stake in shares of Oracle by 18.6% in the first quarter. Inspire Trust Co. N.A. now owns 38,117 shares of the enterprise software provider's stock worth $5,329,000 after acquiring an additional 5,977 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in Oracle by 13.5% in the first quarter. Cookson Peirce & Co. Inc. now owns 1,615 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 192 shares during the last quarter. Finally, Oak Ridge Investments LLC grew its stake in Oracle by 13.8% during the 1st quarter. Oak Ridge Investments LLC now owns 46,366 shares of the enterprise software provider's stock valued at $6,482,000 after purchasing an additional 5,612 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business'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 sale, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Down 3.7%

Oracle stock opened at $244.40 on Thursday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. 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 firm has a market capitalization of $686.48 billion, a price-to-earnings ratio of 56.31, a P/E/G ratio of 3.79 and a beta of 1.43. The company has a 50 day moving average price of $227.58 and a 200 day moving average price of $179.21.

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. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ORCL. Cowen reiterated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. UBS Group increased their price objective on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Evercore ISI raised their price objective on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Barclays restated an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $222.75.

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.

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