Oracle Corporation $ORCL Shares Sold by Sepio Capital LP

Key Points

• Sepio Capital LP reduced its stake in Oracle Corporation by 5.9%, now holding 40,359 shares valued at $5,643,000, according to its latest SEC filing.
• Oracle recently released quarterly earnings, reporting $1.70 earnings per share, surpassing analyst estimates, with revenues reaching $15.90 billion, indicating an 11.3% year-over-year growth.
• The company declared a quarterly dividend of $0.50 per share, which reflects a 0.9% dividend yield and a payout ratio of 46.08%.

Sepio Capital LP reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,359 shares of the enterprise software provider's stock after selling 2,523 shares during the quarter. Sepio Capital LP's holdings in Oracle were worth $5,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clarkston Capital Partners LLC lifted its stake in shares of 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 during the last quarter. Tacita Capital Inc lifted its stake in Oracle by 6.0% during the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock worth $174,000 after acquiring an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC lifted its stake 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 in the last quarter. Tiller Private Wealth Inc. lifted 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 worth $224,000 after acquiring an additional 71 shares in the last quarter. Finally, Cadence Bank lifted its stake in Oracle by 1.0% during the 1st quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock worth $1,040,000 after acquiring an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other Oracle news, 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 completion of the sale, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock worth $86,521,198 over the last ninety days. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Up 2.6%

Shares of ORCL traded up $5.98 during mid-day trading on Monday, reaching $238.78. The company's stock had a trading volume of 18,685,572 shares, compared to its average volume of 10,036,564. The company's 50 day moving average is $239.78 and its 200 day moving average is $187.22. The stock has a market cap of $670.70 billion, a PE ratio of 55.02, a price-to-earnings-growth ratio of 3.47 and a beta of 1.46. 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 released 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid 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 was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Guggenheim increased their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Finally, Jefferies Financial Group increased their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $232.61.

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.