Oracle Corporation $ORCL Shares Sold by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. reduced its stake in Oracle Corporation by 20.1%, selling 664,164 shares and leaving it with approximately 2.65 million shares valued at $369.85 million.
• Multiple institutional investors increased their holdings in Oracle, with Nuveen LLC acquiring a new stake worth $732.69 million and GAMMA Investing LLC increasing its position by an impressive 15,012.3%.
• Oracle's latest earnings report showed an EPS of $1.70, exceeding estimates, and the company also declared a quarterly dividend of $0.50, yielding 0.9%.

1832 Asset Management L.P. lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,645,370 shares of the enterprise software provider's stock after selling 664,164 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.09% of Oracle worth $369,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Nuveen LLC acquired a new stake in Oracle during the 1st quarter worth $732,692,000. GAMMA Investing LLC boosted its position in shares of Oracle by 15,012.3% during 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 acquiring an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Oracle by 20.5% during 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 acquiring an additional 2,350,448 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after acquiring an additional 2,242,520 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Mizuho boosted their price target on shares of Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Evercore ISI boosted their price target on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Barclays reissued an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $227.04.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% 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 three months. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Down 0.9%

Shares of NYSE:ORCL opened at $233.0010 on Friday. 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 firm has a market capitalization of $654.46 billion, a PE ratio of 53.69, a price-to-earnings-growth ratio of 3.51 and a beta of 1.43. The firm's 50-day moving average is $234.95 and its two-hundred day moving average is $182.32. 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 earnings per share. Analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared 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 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

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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