Qtron Investments LLC Has $2.58 Million Holdings in Oracle Corporation $ORCL

Key Points

• Qtron Investments LLC reduced its stake in Oracle Corporation by 10.3%, ending up with 18,458 shares worth approximately $2.58 million after selling 2,110 shares in the first quarter.
• Recent analyst reports indicate a generally positive outlook for Oracle, with target prices being raised by several firms, including BMO Capital Markets and UBS Group, with consensus ratings reflecting a "Moderate Buy."
• Insider trading activity included significant sales, with Oracle's Michael D. Sicilia selling 15,880 shares for over $4 million, contributing to a total of 444,183 shares sold by insiders amounting to $86.5 million in value over the last 90 days.

Qtron Investments LLC lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 10.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,458 shares of the enterprise software provider's stock after selling 2,110 shares during the quarter. Qtron Investments LLC's holdings in Oracle were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its stake in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ORCL shares. BMO Capital Markets raised their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Barclays reissued an "overweight" rating and set a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. UBS Group lifted their price objective on shares of Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Finally, JMP Securities lifted their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. 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 data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction on Tuesday, August 5th. The shares were 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 of the company's stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of ORCL opened at $248.48 on Monday. The company has a market cap of $697.94 billion, a price-to-earnings ratio of 57.25, a PEG ratio of 3.71 and a beta of 1.43. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The company's fifty day simple moving average is $230.54 and its 200 day simple moving average is $180.59. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for 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 firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. 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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