Sender Co & Partners Inc. Grows Holdings in Oracle Corporation $ORCL

Key Points

• Sender Co & Partners Inc. increased its holdings in Oracle Corporation by 145.3%, owning 20,852 shares valued at approximately $2.9 million as of the latest report.
• Insider trades showed significant selling activity, with Director Naomi O. Seligman and insider Michael D. Sicilia selling a combined total of 19,183 shares recently, indicating a decrease in their ownership.
• Oracle announced a quarterly dividend of $0.50 per share, translating to an annualized dividend yield of 0.9%, with a payout ratio of 46.08%.

Sender Co & Partners Inc. raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 145.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,852 shares of the enterprise software provider's stock after purchasing an additional 12,351 shares during the period. Oracle comprises about 1.5% of Sender Co & Partners Inc.'s investment portfolio, making the stock its 18th largest position. Sender Co & Partners Inc.'s holdings in Oracle were worth $2,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC lifted its holdings in Oracle by 1.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock valued at $879,000 after purchasing an additional 68 shares in the last quarter. Tacita Capital Inc lifted its holdings in Oracle by 6.0% in the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after purchasing an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares in the last quarter. Tiller Private Wealth Inc. lifted its holdings in Oracle by 4.6% in 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 in the last quarter. Finally, Cadence Bank increased its stake in shares of Oracle by 1.0% during the 1st quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock valued at $1,040,000 after acquiring an additional 71 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction 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 in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the transaction, the insider owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 444,183 shares of company stock valued at $86,521,198. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Up 4.4%

ORCL opened at $232.87 on Friday. The firm has a 50 day moving average price of $239.38 and a 200 day moving average price of $186.65. The company has a market cap of $654.10 billion, a PE ratio of 53.66, a price-to-earnings-growth ratio of 3.48 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. 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 (NYSE:ORCL - Get Free Report) last released its quarterly 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 firm had revenue of $15.90 billion during 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%.Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 EPS. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ORCL shares. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and upped their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Finally, Scotiabank started coverage on shares of Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

Oracle 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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