Oracle Corporation (NYSE:ORCL) Stake Lowered by Sawyer & Company Inc

Sawyer & Company Inc lowered its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 69,663 shares of the enterprise software provider's stock after selling 2,852 shares during the quarter. Oracle comprises 3.9% of Sawyer & Company Inc's investment portfolio, making the stock its 3rd biggest holding. Sawyer & Company Inc's holdings in Oracle were worth $9,740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ORCL. Norges Bank acquired a new stake in shares of Oracle in the 4th quarter valued at about $2,216,314,000. Raymond James Financial Inc. acquired a new stake in shares of Oracle in the 4th quarter valued at about $930,095,000. GAMMA Investing LLC boosted its position in shares of Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 2.8%

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. The business has a 50 day simple moving average of $160.39 and a 200-day simple moving average of $161.52. The stock has a market capitalization of $573.53 billion, a P/E ratio of 47.25, a P/E/G ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60.

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

Oracle Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research analyst reports. JMP Securities set a $240.00 target price on Oracle and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price on shares of Oracle in a research report on Wednesday, June 11th. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research report on Wednesday. Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Jefferies Financial Group increased their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Eleven 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 stock. Based on data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $196.74.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was 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 now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock valued at $83,395,223 in the last ninety days. 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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