Pacer Advisors Inc. Has $20.45 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Pacer Advisors Inc. has reduced its holdings in Oracle Corporation by 21.3%, selling 39,649 shares during the first quarter, resulting in a total of 146,244 shares worth approximately $20.4 million at the end of the period.
• A mix of institutional investors have shown varied activity with Oracle, with some increasing their stakes while a significant portion of shares, about 42.44%, is owned by institutional investors and hedge funds.
• Oracle's recent earnings report exceeded analyst expectations, with revenues of $15.90 billion for the quarter, indicating a year-over-year increase of 11.3% and a reported $1.70 earnings per share.

Pacer Advisors Inc. reduced its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 21.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,244 shares of the enterprise software provider's stock after selling 39,649 shares during the period. Pacer Advisors Inc.'s holdings in Oracle were worth $20,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% in 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 in the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter worth $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle in the fourth quarter worth $33,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho cut their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. BMO Capital Markets upped their price objective on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Evercore ISI upped their price objective 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. Finally, TD Cowen upped their price objective on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Trading Up 0.9%

Shares of NYSE ORCL traded up $2.22 during midday trading on Friday, reaching $245.05. 7,146,126 shares of the stock were exchanged, compared to its average volume of 13,123,598. The business has a 50-day simple moving average of $204.42 and a two-hundred day simple moving average of $171.71. The company has a market capitalization of $688.31 billion, a price-to-earnings ratio of 56.46, a P/E/G ratio of 3.66 and a beta of 1.39. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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 net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. The firm's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced 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. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction on Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 448,669 shares of company stock worth $85,555,309 in the last ninety days. Insiders own 42.20% of the company's stock.

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.