Oracle Corporation $ORCL Shares Sold by First Hawaiian Bank

Key Points

• First Hawaiian Bank reduced its holdings in Oracle Corporation by 20.7%, selling 9,006 shares, bringing their total ownership to 34,411 shares, valued at $4.81 million at the end of the first quarter.
• Several institutional investors, including GAMMA Investing LLC and Nuveen LLC, significantly increased their stakes in Oracle, with GAMMA boosting its holdings by 15,012.3%, acquiring over 4.7 million shares valued at approximately $664.8 million.
• Oracle Corporation recently declared a $0.50 quarterly dividend, with an anticipated annual yield of 0.7%, set to be paid out on October 23rd to investors of record.

First Hawaiian Bank lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,411 shares of the enterprise software provider's stock after selling 9,006 shares during the quarter. First Hawaiian Bank's holdings in Oracle were worth $4,811,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORCL. Nuveen LLC acquired a new stake in Oracle in the first quarter worth about $732,692,000. GAMMA Investing LLC boosted its holdings in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Oracle by 20.5% in 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 acquiring an additional 2,350,448 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after acquiring an additional 2,049,687 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. BMO Capital Markets set a $345.00 target price on Oracle in a report on Wednesday. KeyCorp lifted their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. DA Davidson lifted their target price on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $296.84.

Insider Activity at Oracle

In other news, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,183 shares of company stock valued at $10,353,198 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

ORCL stock opened at $307.64 on Friday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a market capitalization of $864.11 billion, a P/E ratio of 71.21, a P/E/G ratio of 4.91 and a beta of 1.46. The business's 50-day moving average is $243.59 and its two-hundred day moving average is $189.52.

Oracle (NYSE:ORCL - Get Free Report) last released 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle's payout ratio is 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.

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