Oracle Corporation (NYSE:ORCL) Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,927 shares of the enterprise software provider's stock after selling 4,805 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Oracle were worth $3,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Greenwood Gearhart Inc. increased its stake in Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares in the last quarter. WorthPointe LLC grew its position in shares of Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares in the last quarter. Stage Harbor Financial LLC raised its stake in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares during the period. J. L. Bainbridge & Co. Inc. raised its stake in Oracle by 5.5% during the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 70 shares during the period. Finally, Prestige Wealth Management Group LLC raised its position in shares of Oracle by 0.6% during the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after buying an additional 70 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

NYSE ORCL traded down $5.02 on Monday, hitting $232.30. The company had a trading volume of 16,061,923 shares, compared to its average volume of 10,185,339. 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 company has a market capitalization of $652.49 billion, a PE ratio of 53.53, a PEG ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $237.99. The company's fifty day moving average price is $178.14 and its 200-day moving average price is $164.22.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders 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 annualized dividend and a dividend yield of 0.86%. Oracle's dividend payout ratio (DPR) is 46.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORCL. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Citigroup reissued an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Piper Sandler reissued a "neutral" rating and set a $130.00 price target on shares of Oracle in a research note on Wednesday, June 11th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated 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 transaction, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 440,366 shares of company stock valued at $83,103,603. Insiders own 42.20% of the company's stock.

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.