Te Ahumairangi Investment Management Ltd Sells 2,845 Shares of Oracle Corporation $ORCL

Key Points

• Te Ahumairangi Investment Management Ltd has reduced its stake in Oracle Corporation by 11.5%, selling 2,845 shares, leaving it with a total of 21,873 shares worth approximately $3.06 million.
• Several hedge funds have increased their positions in Oracle, with notable increases from Tacita Capital Inc and Flynn Zito Capital Management LLC, reflecting the interest of institutional investors in the company.
• Oracle recently declared a quarterly dividend of $0.50 per share, resulting in an annualized rate of $2.00 and a yield of 0.8% as of the last payment date.

Te Ahumairangi Investment Management Ltd lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,873 shares of the enterprise software provider's stock after selling 2,845 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Oracle were worth $3,058,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. WPG Advisers LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $167,000. Trexquant Investment LP purchased a new position in shares of Oracle during the 1st quarter valued at about $3,204,000. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Oracle by 15.1% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 64,136 shares of the enterprise software provider's stock valued at $8,967,000 after buying an additional 8,409 shares in the last quarter. Huber Capital Management LLC raised its holdings in shares of Oracle by 32.9% during the 1st quarter. Huber Capital Management LLC now owns 92,100 shares of the enterprise software provider's stock valued at $12,877,000 after buying an additional 22,800 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of Oracle by 3.3% during the 1st quarter. Landscape Capital Management L.L.C. now owns 26,230 shares of the enterprise software provider's stock valued at $3,667,000 after buying an additional 829 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 6.0%

Shares of ORCL traded down $14.35 during mid-day trading on Friday, hitting $225.97. 16,606,479 shares of the company's stock traded hands, compared to its average volume of 10,089,439. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $634.72 billion, a P/E ratio of 52.07, a PEG ratio of 3.37 and a beta of 1.43. The business's 50-day moving average price is $237.90 and its 200-day moving average price is $184.93. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during 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 revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. As a group, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Barclays reissued an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a report on Friday, June 13th. CIBC reissued a "buy" rating on shares of Oracle in a report on Monday, June 9th. BMO Capital Markets lifted their price target on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Bank of America lifted their price target on Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Three investment 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the company'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 transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock valued at $86,521,198 over the last 90 days. Company insiders own 42.20% of the company's stock.

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.