Oracle Corporation (ORCL) Shares Sold by HighVista Strategies LLC
HighVista Strategies LLC decreased its stake in Oracle Corporation (NYSE:ORCL) by 24.2% during the first quarter, Holdings Channel reports. The firm owned 17,500 shares of the enterprise software provider’s stock after selling 5,600 shares during the period. HighVista Strategies LLC’s holdings in Oracle Corporation were worth $781,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in Oracle Corporation by 10.8% in the fourth quarter. Perigon Wealth Management LLC now owns 21,108 shares of the enterprise software provider’s stock valued at $901,000 after buying an additional 2,058 shares during the period. M Holdings Securities Inc. increased its position in shares of Oracle Corporation by 25.2% in the fourth quarter. M Holdings Securities Inc. now owns 9,080 shares of the enterprise software provider’s stock valued at $349,000 after buying an additional 1,829 shares during the period. Pegasus Partners Ltd. increased its position in shares of Oracle Corporation by 1.9% in the fourth quarter. Pegasus Partners Ltd. now owns 71,983 shares of the enterprise software provider’s stock valued at $2,768,000 after buying an additional 1,372 shares during the period. Kentucky Retirement Systems bought a new position in shares of Oracle Corporation during the fourth quarter valued at $8,362,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Oracle Corporation during the fourth quarter valued at $3,731,000. 58.77% of the stock is currently owned by institutional investors.
Oracle Corporation (NYSE ORCL) traded down 0.67% during mid-day trading on Thursday, reaching $48.73. The company had a trading volume of 1,554,829 shares. The stock has a market capitalization of $201.58 billion, a price-to-earnings ratio of 22.05 and a beta of 1.06. The company’s 50 day moving average is $50.11 and its 200 day moving average is $45.32. Oracle Corporation has a 52-week low of $37.62 and a 52-week high of $51.85.
Oracle Corporation (NYSE:ORCL) last posted its earnings results on Wednesday, June 21st. The enterprise software provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Oracle Corporation had a net margin of 24.74% and a return on equity of 20.90%. The company had revenue of $10.94 billion during the quarter, compared to analysts’ expectations of $10.45 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. Oracle Corporation’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Oracle Corporation will post $2.96 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Wednesday, July 19th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, July 17th. Oracle Corporation’s payout ratio is 34.55%.
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Several research analysts have weighed in on ORCL shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $54.00 target price on shares of Oracle Corporation in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a $49.00 target price on Oracle Corporation and gave the company a “buy” rating in a research note on Monday, June 12th. Canaccord Genuity downgraded Oracle Corporation to a “buy” rating and lifted their target price for the company from $49.00 to $56.00 in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. They noted that the move was a valuation call. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $62.00 target price (up from $53.00) on shares of Oracle Corporation in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $50.70.
In other news, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $45.25, for a total value of $169,687.50. Following the completion of the transaction, the director now owns 8,281 shares of the company’s stock, valued at approximately $374,715.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP W Corey West sold 150,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $51.39, for a total transaction of $7,708,500.00. Following the completion of the transaction, the executive vice president now directly owns 177,988 shares of the company’s stock, valued at approximately $9,146,803.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,817,500 shares of company stock valued at $91,547,388 in the last quarter. Corporate insiders own 29.00% of the company’s stock.
About Oracle Corporation
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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