Titan Global Capital Management USA LLC Sells 2,360 Shares of Oracle Corporation $ORCL

Key Points

• Titan Global Capital Management USA LLC reduced its stake in Oracle Corporation by 27.3%, selling 2,360 shares and now holding a total of 6,275 shares worth approximately $877,000.
• Large investors including Nuveen LLC and Vanguard Group Inc. have substantially increased their holdings in Oracle, contributing to the institutional ownership of 42.44%.
• Oracle reported earnings of $1.70 per share for the last quarter, exceeding expectations, with a revenue increase of 11.3% year-over-year, and recently announced a quarterly dividend of $0.50 per share.

Titan Global Capital Management USA LLC cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,275 shares of the enterprise software provider's stock after selling 2,360 shares during the quarter. Titan Global Capital Management USA LLC's holdings in Oracle were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ORCL. Nuveen LLC bought a new stake in shares of Oracle in the first quarter worth approximately $732,692,000. GAMMA Investing LLC grew its stake in shares of Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. Vanguard Group Inc. grew its stake in shares of Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Oracle by 268.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after acquiring an additional 2,242,520 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Bank of America boosted their target price on shares of Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and boosted their target price for the company from $180.00 to $250.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Mizuho boosted their target price on shares of Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, August 15th. 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Stock Performance

ORCL opened at $233.0010 on Friday. The firm has a market cap of $654.46 billion, a P/E ratio of 53.69, a PEG ratio of 3.51 and a beta of 1.43. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The company has a 50 day simple moving average of $234.95 and a two-hundred day simple moving average of $182.32. 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 (NYSE:ORCL - Get Free Report) last posted 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. Equities analysts forecast 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 was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date 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 is currently 46.08%.

Insider Activity

In related news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% 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 in the last quarter. Company insiders own 42.20% of the company's stock.

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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