Vident Advisory LLC Cuts Holdings in Oracle Corporation $ORCL

Key Points

• Vident Advisory LLC reduced its stake in Oracle Corporation by 6.8%, holding 206,402 shares valued at approximately $28.86 million as per its latest SEC filing.
• Oracle recently announced a quarterly dividend of $0.50 per share, resulting in an annualized yield of 0.8%; the payout ratio stands at 46.08%.
• Analysts have varied ratings for Oracle, with price targets ranging from $135 to $250, indicating a consensus rating of "Moderate Buy" with a price target of $227.04.

Vident Advisory LLC reduced its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,402 shares of the enterprise software provider's stock after selling 15,102 shares during the period. Vident Advisory LLC's holdings in Oracle were worth $28,857,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the first quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the first quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the fourth quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

ORCL traded down $14.35 during midday trading on Friday, reaching $225.97. The company had a trading volume of 16,606,479 shares, compared to its average volume of 10,089,439. 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 stock has a market cap of $634.72 billion, a PE ratio of 52.07, a P/E/G ratio of 3.37 and a beta of 1.43. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The business has a 50-day moving average price of $237.90 and a two-hundred day moving average price of $184.93.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. CIBC restated a "buy" rating on shares of Oracle in a report on Monday, June 9th. JMP Securities boosted their price target on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday, July 18th. TD Cowen boosted their price target on shares of Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Three equities research 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Insider Buying and Selling

In related news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, 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 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.