Oracle Corporation (NYSE:ORCL) Shares Sold by Triglav Skladi D.O.O.

Key Points

• Triglav Skladi D.O.O. has reduced its holdings in Oracle Corporation by 6.8%, now owning 135,750 shares valued at approximately $18.98 million.
• Oracle's latest quarterly earnings showed an EPS of $1.70, surpassing analysts' expectations, with revenue of $15.90 billion, up 11.3% year-over-year.
• Insider trading activity revealed that executives have sold a total of 444,183 shares in the past ninety days, equating to a value of approximately $86.52 million.

Triglav Skladi D.O.O. reduced its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,750 shares of the enterprise software provider's stock after selling 9,970 shares during the period. Oracle makes up 1.6% of Triglav Skladi D.O.O.'s holdings, making the stock its 17th largest position. Triglav Skladi D.O.O.'s holdings in Oracle were worth $18,979,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ORCL. Greenwood Gearhart Inc. boosted its position in shares of Oracle by 1.2% during the fourth 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 during the period. Flynn Zito Capital Management LLC boosted its holdings in Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares during the period. Tiller Private Wealth Inc. boosted its holdings in Oracle by 4.6% in the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after purchasing an additional 71 shares during the period. Private Wealth Management Group LLC raised its stake in Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after buying an additional 72 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. raised its stake in Oracle by 4.8% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock valued at $218,000 after buying an additional 72 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.3%

Shares of ORCL stock opened at $253.54 on Wednesday. The stock has a market cap of $712.15 billion, a PE ratio of 58.42, a price-to-earnings-growth ratio of 3.77 and a beta of 1.43. 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 business's fifty day moving average is $226.06 and its 200-day moving average is $178.76. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87.

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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. Equities analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This represents a 13.80% 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 valued at $86,521,198 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ORCL shares. Westpark Capital boosted their price target on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Bank of America boosted their price target on Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. UBS Group boosted their price target on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus 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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