Oracle Corporation (NYSE:ORCL) Stock Holdings Trimmed by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 78.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,302 shares of the enterprise software provider's stock after selling 8,575 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Oracle were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after buying an additional 2,296,069 shares during the period. FMR LLC lifted its position in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares during the period. Geode Capital Management LLC lifted its position in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after buying an additional 619,619 shares during the period. Franklin Resources Inc. lifted its position in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after buying an additional 1,722,037 shares during the period. Finally, Northern Trust Corp lifted its position in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of 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 company has a market cap of $647.29 billion, a PE ratio of 53.10, a PEG ratio of 3.51 and a beta of 1.39. The company's fifty day simple moving average is $187.16 and its two-hundred day simple moving average is $166.49. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. On average, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 0.87%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analysts Set New Price Targets

Several equities research analysts have commented on ORCL shares. Jefferies Financial Group upped their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. DA Davidson upped their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. JMP Securities set a $240.00 price target on Oracle and gave the stock a "market outperform" rating in a research note on Thursday, June 12th. Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $190.00 to $270.00 in a research note on Thursday. Finally, Evercore ISI restated a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $209.33.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by insiders.

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.