Oracle Corporation (NYSE:ORCL) Shares Sold by GAM Holding AG

GAM Holding AG reduced its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,695 shares of the enterprise software provider's stock after selling 13,947 shares during the period. Oracle accounts for about 1.9% of GAM Holding AG's investment portfolio, making the stock its 10th biggest holding. GAM Holding AG's holdings in Oracle were worth $24,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC acquired a new position in Oracle during the 4th quarter worth $34,000. Mpwm Advisory Solutions LLC acquired a new position in Oracle during the 4th quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Oracle during the 4th quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Down 2.8%

NYSE:ORCL opened at $205.06 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The stock's 50-day moving average is $160.39 and its two-hundred day moving average is $161.52. The stock has a market cap of $573.53 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. Oracle's dividend payout ratio is 46.08%.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. Piper Sandler reiterated a "neutral" rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Barclays reissued an "overweight" rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $200.00 to $235.00 in a report on Friday, June 13th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $196.74.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,366 shares of company stock worth $83,395,223. Corporate 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.

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