Oracle Corporation $ORCL Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management reduced its stake in Oracle Corporation by 26.3%, selling 7,159 shares and holding 20,010 shares valued at approximately $2.8 million.
• Insider Michael D. Sicilia sold 15,880 shares of Oracle, reducing his position by 13.80%, with total sales of insiders reaching 444,183 shares valued at $86.5 million in the last quarter.
• Analysts have a consensus rating of "Moderate Buy" for Oracle stock, with price targets raised by several firms, including TD Cowen to $325.00.

Thematics Asset Management lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 26.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,010 shares of the enterprise software provider's stock after selling 7,159 shares during the period. Thematics Asset Management's holdings in Oracle were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the fourth quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director 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 have sold a total of 444,183 shares of company stock valued at $86,521,198 in the last quarter. 42.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on ORCL shares. TD Cowen raised their price objective on Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. BMO Capital Markets lifted their price target on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and increased their price objective for the company from $180.00 to $250.00 in a report on Monday, June 30th. Finally, Scotiabank assumed coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target for the company. Three research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

Oracle Price Performance

Shares of NYSE ORCL opened at $236.1670 on Monday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The firm has a market capitalization of $663.35 billion, a P/E ratio of 54.42, a PEG ratio of 3.53 and a beta of 1.43. The company's fifty day moving average is $235.36 and its two-hundred day moving average is $182.94.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle's payout ratio is currently 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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