Oracle Co. (NYSE:ORCL) Shares Sold by Sepio Capital LP

Sepio Capital LP reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,829 shares of the enterprise software provider’s stock after selling 11,791 shares during the quarter. Sepio Capital LP’s holdings in Oracle were worth $4,621,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC bought a new stake in Oracle during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle in the 3rd quarter worth $27,000. Tidemark LLC acquired a new stake in shares of Oracle during the fourth quarter worth $29,000. Finally, Nordwand Advisors LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the subject of several recent analyst reports. Oppenheimer initiated coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock valued at $110,488,150 in the last 90 days. 42.80% of the stock is currently owned by insiders.

Oracle Price Performance

ORCL stock traded down $1.18 during trading on Friday, hitting $122.91. 7,135,041 shares of the stock traded hands, compared to its average volume of 8,001,117. The stock has a market cap of $337.82 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.89 and a beta of 1.03. Oracle Co. has a one year low of $98.77 and a one year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a 50 day simple moving average of $121.37 and a 200 day simple moving average of $114.89.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.30%. Oracle’s dividend payout ratio (DPR) is 42.22%.

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.