PARUS FINANCE UK Ltd Sells 6,208 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• PARUS FINANCE UK Ltd reduced its holdings in Oracle Corporation by 6.0%, selling 6,208 shares in the first quarter, leaving them with 97,158 shares valued at $13,584,000.
• Oracle's recent quarterly earnings report showed earnings of $1.70 EPS exceeding estimates, with revenue up 11.3% year-over-year.
• Several analysts have raised their price targets for Oracle, with Evercore ISI targeting $270.00 and Citigroup upgrading their rating from "hold" to "strong-buy."

PARUS FINANCE UK Ltd decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,158 shares of the enterprise software provider's stock after selling 6,208 shares during the quarter. Oracle comprises about 4.6% of PARUS FINANCE UK Ltd's portfolio, making the stock its 8th biggest position. PARUS FINANCE UK Ltd's holdings in Oracle were worth $13,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Greenwood Gearhart Inc. lifted its stake in shares of Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the period. Flynn Zito Capital Management LLC lifted its position in Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after acquiring an additional 71 shares during the period. Tiller Private Wealth Inc. grew its stake in Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after purchasing an additional 71 shares during the last quarter. Private Wealth Management Group LLC increased its holdings in shares of Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after purchasing an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. raised its stake in shares of Oracle by 4.8% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after purchasing an additional 72 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $252.77 on Tuesday. The business has a 50 day simple moving average of $215.48 and a two-hundred day simple moving average of $175.60. The stock has a market capitalization of $709.99 billion, a P/E ratio of 58.24, a PEG ratio of 3.65 and a beta of 1.43. 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 Corporation has a 12 month low of $118.86 and a 12 month high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS. As a group, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Evercore ISI upped their price target on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Guggenheim increased their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 428,303 shares of company stock valued at $82,480,056. 42.20% of the stock is currently owned by company insiders.

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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