Picton Mahoney Asset Management Sells 227,754 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Picton Mahoney Asset Management significantly reduced its stake in Oracle Corporation by 88.4%, owning $4.18 million worth of shares after selling over 227,000 shares in the first quarter.
• Several large investors, including GAMMA Investing, have dramatically increased their positions in Oracle, with GAMMA boosting its stake by over 15,000%.
• Oracle announced a quarterly dividend of $0.50 per share, reflecting an annualized dividend of $2.00 and a yield of 0.80%.

Picton Mahoney Asset Management reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 88.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,880 shares of the enterprise software provider's stock after selling 227,754 shares during the period. Picton Mahoney Asset Management's holdings in Oracle were worth $4,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ORCL. GAMMA Investing LLC increased its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after purchasing an additional 2,242,520 shares during the period. Northern Trust Corp grew its holdings in Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Oracle during the 4th quarter worth about $216,047,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.56 on Wednesday, hitting $250.54. 8,386,083 shares of the company were exchanged, compared to its average volume of 11,441,882. The firm has a market capitalization of $703.72 billion, a price-to-earnings ratio of 57.73, a PEG ratio of 3.73 and a beta of 1.39. 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 $253.07. The company's 50 day moving average price is $209.84 and its two-hundred day moving average price is $173.44.

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 for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 earnings per share. Research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ORCL shares. TD Cowen upped their target price on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Westpark Capital lifted their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock valued at $85,555,309 over the last three months. Insiders own 42.20% of the company's stock.

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.