Trexquant Investment LP Makes New Investment in Oracle Corporation $ORCL

Trexquant Investment LP acquired a new position in shares of Oracle Corporation (NYSE:ORCL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,915 shares of the enterprise software provider’s stock, valued at approximately $3,204,000.

A number of other institutional investors also recently modified their holdings of the business. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the fourth quarter worth about $36,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares of the company’s stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. 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.

Wall Street Analyst Weigh In

Several brokerages have commented on ORCL. The Goldman Sachs Group reissued a “neutral” rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Bank of America upped their price objective on Oracle from $220.00 to $295.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. upped their price objective on Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. KeyCorp upped their price objective on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Finally, JMP Securities upped their price objective on Oracle from $240.00 to $315.00 and gave the company a “market outperform” rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $227.04.

Oracle Price Performance

Oracle stock opened at $225.11 on Wednesday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The stock’s 50 day moving average price is $238.48 and its two-hundred day moving average price is $185.65. The stock has a market capitalization of $632.30 billion, a price-to-earnings ratio of 51.87, a PEG ratio of 3.38 and a beta of 1.46.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for 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%.Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. On average, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current 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 0.9%. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

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.