Qtron Investments LLC Sells 2,110 Shares of Oracle Corporation $ORCL

Qtron Investments LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 10.3% in the 1st quarter, HoldingsChannel reports. The firm owned 18,458 shares of the enterprise software provider’s stock after selling 2,110 shares during the quarter. Qtron Investments LLC’s holdings in Oracle were worth $2,581,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new position in Oracle during the first quarter worth about $732,692,000. GAMMA Investing LLC increased 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 valued at $664,810,000 after buying an additional 4,723,631 shares during the period. Vanguard Group Inc. increased 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 valued at $22,498,982,000 after buying an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 valued at $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Kovitz Investment Group Partners LLC increased 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 valued at $512,909,000 after buying an additional 2,242,520 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of 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. Over the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by insiders.

Oracle Trading Up 1.4%

NYSE ORCL opened at $248.48 on Monday. The firm has a market capitalization of $697.94 billion, a P/E ratio of 57.25, a PEG ratio of 3.71 and a beta of 1.43. The business has a fifty day simple moving average of $230.54 and a 200 day simple moving average of $180.59. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. 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 (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ORCL shares. Royal Bank Of Canada upped their price objective on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. TD Cowen upped their target price on Oracle from $275.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Guggenheim upped their target price on Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $227.04.

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.