Y Intercept Hong Kong Ltd Lowers Stake in Oracle Corporation (NYSE:ORCL)

Y Intercept Hong Kong Ltd lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 23.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,123 shares of the enterprise software provider's stock after selling 5,653 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Oracle were worth $2,534,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ORCL. Greenwood Gearhart Inc. grew its holdings in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. WorthPointe LLC grew its holdings in Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares during the last quarter. Stage Harbor Financial LLC grew its holdings in Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in Oracle by 0.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after purchasing an additional 70 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. grew its holdings in Oracle by 1.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 2.1%

NYSE:ORCL opened at $238.37 on Wednesday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $251.60. The firm has a market capitalization of $669.53 billion, a P/E ratio of 54.92, a P/E/G ratio of 3.63 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50 day simple moving average of $196.21 and a 200 day simple moving average of $168.97.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. TD Cowen upped their price objective on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. DA Davidson upped their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Bank of America increased their target price on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

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.

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