Sage Mountain Advisors LLC Reduces Holdings in Oracle Corporation (NYSE:ORCL)

Sage Mountain Advisors LLC reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,370 shares of the enterprise software provider’s stock after selling 343 shares during the period. Sage Mountain Advisors LLC’s holdings in Oracle were worth $1,869,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ORCL. Norges Bank bought a new position in Oracle in the 4th quarter worth $2,216,314,000. GAMMA Investing LLC raised its position in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock valued at $664,810,000 after buying an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 buying an additional 2,350,448 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Oracle by 268.4% during 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 last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 0.6%

Shares of ORCL opened at $229.25 on Tuesday. The firm has a fifty day moving average price of $188.76 and a 200-day moving average price of $166.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. The firm has a market capitalization of $643.93 billion, a P/E ratio of 52.82, a P/E/G ratio of 3.45 and a beta of 1.39.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for 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%. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. Equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Oracle’s payout ratio is presently 46.08%.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director owned 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on ORCL shares. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Loop Capital set a $135.00 target price on Oracle in a report on Tuesday, June 10th. Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Bank of America raised their target price on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $211.37.

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.