Robeco Institutional Asset Management B.V. Has $75.52 Million Stake in Oracle Corporation (NYSE:ORCL)

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 67.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 540,147 shares of the enterprise software provider's stock after selling 1,107,893 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Oracle were worth $75,518,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter worth $28,000. Sunbeam Capital Management LLC bought a new position in Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the fourth quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the fourth quarter worth about $36,000. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle 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 completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock worth $83,395,223 in the last quarter. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. UBS Group set a $250.00 target price on shares of Oracle and gave the company a "buy" rating in a research report on Wednesday. Evercore ISI restated a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Piper Sandler restated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a report on Wednesday, June 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

Oracle Stock Performance

NYSE ORCL opened at $213.28 on Friday. The company has a market cap of $599.07 billion, a P/E ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32. The company has a fifty day simple moving average of $166.79 and a 200 day simple moving average of $162.13. 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 Corporation has a 12-month low of $118.86 and a 12-month high of $216.93.

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 the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, July 10th. Oracle's dividend 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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