World Investment Advisors Has $13.37 Million Position in Oracle Corporation $ORCL

Key Points

• World Investment Advisors cut its stake in Oracle (ORCL) by 28.2% in Q3, selling 18,637 shares and ending the quarter with 47,552 shares valued at about $13.37 million.
• Analysts hold a consensus rating of "Moderate Buy" on ORCL with an average price target of $307.72, although several firms recently trimmed targets (e.g., RBC to $250, DA Davidson to $180).
• Corporate insiders have been net sellers recently: CEO Clayton Magouyrk sold 10,000 shares (~$1.93M) and EVP Stuart Levey sold 19,758 shares (~$5.93M), with insiders offloading 131,346 shares (~$36.13M) over the last 90 days.

World Investment Advisors cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 28.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,552 shares of the enterprise software provider's stock after selling 18,637 shares during the quarter. World Investment Advisors' holdings in Oracle were worth $13,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winnow Wealth LLC acquired a new position in Oracle in the 2nd quarter worth about $28,000. Kilter Group LLC acquired a new position in Oracle in the second quarter worth approximately $30,000. LGT Financial Advisors LLC bought a new position in Oracle during the second quarter valued at approximately $33,000. Legend Financial Advisors Inc. bought a new position in Oracle during the second quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC bought a new stake in Oracle in the second quarter worth approximately $38,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. DA Davidson cut their price target on shares of Oracle from $200.00 to $180.00 and set a "neutral" rating on the stock in a report on Thursday, December 11th. Royal Bank Of Canada cut their target price on Oracle from $310.00 to $250.00 and set a "sector perform" rating on the stock in a report on Thursday, December 11th. Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Sanford C. Bernstein cut their price objective on Oracle from $364.00 to $339.00 and set an "outperform" rating on the stock in a research note on Thursday, December 11th. Finally, Stephens raised their price objective on Oracle from $208.00 to $331.00 and gave the company an "equal weight" rating in a research note on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $307.72.

Insider Buying and Selling

In other news, CEO Clayton M. Magouyrk sold 10,000 shares of the business's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $192.52, for a total transaction of $1,925,200.00. Following the transaction, the chief executive officer owned 144,030 shares in the company, valued at approximately $27,728,655.60. The trade was a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president owned 18,429 shares of the company's stock, valued at approximately $5,528,700. The trade was a 51.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 131,346 shares of company stock worth $36,129,646. 40.90% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $197.24 on Friday. The company has a market cap of $566.70 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 1.77 and a beta of 1.66. The business has a 50 day moving average price of $226.27 and a 200 day moving average price of $242.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The company had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The company's quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. Oracle's dividend payout ratio is 37.59%.

Oracle Profile

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle's product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

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