Oracle Corporation $ORCL Shares Sold by Circle Wealth Management LLC

Key Points

• Circle Wealth Management LLC reduced its holdings in Oracle Corporation by 21.6%, owning 25,656 shares valued at approximately $3.59 million after selling 7,061 shares in the first quarter.
• Vanguard Group Inc. increased its ownership in Oracle by 2.2%, now holding over 160 million shares valued at $22.5 billion, highlighting significant institutional interest in the company.
• Oracle reported earnings of $1.70 per share for its recent quarter, surpassing estimates, and revealed a quarterly dividend of $0.50, reflecting a 0.9% yield.

Circle Wealth Management LLC lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 21.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,656 shares of the enterprise software provider's stock after selling 7,061 shares during the quarter. Circle Wealth Management LLC's holdings in Oracle were worth $3,587,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 in the last quarter. Northern Trust Corp raised its position in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Oracle by 20.5% during the fourth 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 worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Polen Capital Management LLC boosted its position in shares of Oracle by 17.6% in the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after buying an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after buying an additional 94,236 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE ORCL opened at $233.0010 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $654.46 billion, a price-to-earnings ratio of 53.69, a price-to-earnings-growth ratio of 3.51 and a beta of 1.43. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The business has a 50 day simple moving average of $234.95 and a 200-day simple moving average of $182.32.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORCL. Mizuho boosted their price target on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. DA Davidson boosted their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Finally, Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by insiders.

Oracle 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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