SVB Wealth LLC Sells 15,267 Shares of Oracle Corporation $ORCL

Key Points

• SVB Wealth LLC reduced its stake in Oracle Corporation by 13.9%, selling 15,267 shares during the first quarter, now holding 94,594 shares valued at approximately $13.2 million.
• Oracle's stock price target has been raised by several analysts, with Royal Bank of Canada increasing it from $145 to $195, while UBS Group set a new target of $280.
• The company recently announced a quarterly dividend of $0.50 per share, representing an annual yield of 0.8% and a payout ratio of 46.08%.

SVB Wealth LLC lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,594 shares of the enterprise software provider's stock after selling 15,267 shares during the quarter. Oracle makes up approximately 0.5% of SVB Wealth LLC's investment portfolio, making the stock its 27th largest position. SVB Wealth LLC's holdings in Oracle were worth $13,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clarkston Capital Partners LLC grew its position in shares of Oracle by 1.1% during the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock worth $879,000 after buying an additional 68 shares during the period. Tacita Capital Inc raised its stake in shares of 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 purchasing an additional 70 shares during the period. Flynn Zito Capital Management LLC raised its stake in shares of 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 purchasing an additional 71 shares during the period. Tiller Private Wealth Inc. increased its position in shares of Oracle by 4.6% during the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after buying an additional 71 shares during the period. Finally, Cadence Bank increased its position in shares of Oracle by 1.0% during the first quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock valued at $1,040,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was 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 $9,507,622.93. The trade was a 19.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 in the last 90 days. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Royal Bank Of Canada upped their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Scotiabank initiated coverage on Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price on the stock. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. UBS Group raised their target price on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Stock Up 1.3%

Shares of ORCL stock opened at $236.1670 on Friday. The stock's 50-day simple moving average is $235.36 and its 200-day simple moving average is $182.79. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $663.35 billion, a PE ratio of 54.42, a P/E/G ratio of 3.48 and a beta of 1.43. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 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 company's 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 earnings per share. Equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's dividend payout ratio (DPR) is 46.08%.

About Oracle

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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