Oracle Corporation $ORCL Stake Lowered by DRW Securities LLC

Key Points

• DRW Securities LLC significantly reduced its stake in Oracle Corporation by 85.8%, now holding only 1,507 shares valued at approximately $211,000.
• Oracle reported $1.70 earnings per share in its latest quarterly earnings, surpassing estimates and showing an 11.3% year-over-year revenue growth.
• The company recently announced a quarterly dividend of $0.50 per share, contributing to an annualized yield of 0.9%.

DRW Securities LLC decreased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 85.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,507 shares of the enterprise software provider's stock after selling 9,069 shares during the period. DRW Securities LLC's holdings in Oracle were worth $211,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter worth $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORCL. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Guggenheim raised their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Scotiabank began coverage on Oracle in a report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price objective on the stock. Finally, Oppenheimer restated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Three research 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. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $227.04.

Insider Activity

In other news, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last three months. Company insiders own 42.20% of the company's stock.

Oracle Stock Down 0.8%

Shares of ORCL traded down $1.75 during midday trading on Wednesday, reaching $223.55. 8,756,134 shares of the company were exchanged, compared to its average volume of 9,853,720. The stock has a 50-day moving average price of $238.74 and a 200-day moving average price of $185.91. The company has a market cap of $627.92 billion, a price-to-earnings ratio of 51.51, a P/E/G ratio of 3.38 and a beta of 1.46. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Dividend Announcement

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

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.