Banque Transatlantique SA Decreases Holdings in Oracle Corporation $ORCL

Banque Transatlantique SA cut its stake in Oracle Corporation (NYSE:ORCL) by 97.2% in the second quarter, Holdings Channel reports. The institutional investor owned 28,521 shares of the enterprise software provider’s stock after selling 1,008,028 shares during the period. Banque Transatlantique SA’s holdings in Oracle were worth $6,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Swiss National Bank grew its stake in shares of Oracle by 7.6% in the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock valued at $1,113,526,000 after buying an additional 360,000 shares during the period. Private Wealth Asset Management LLC boosted its holdings in Oracle by 9.2% in the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after purchasing an additional 321 shares during the period. Soltis Investment Advisors LLC grew its stake in Oracle by 4.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after purchasing an additional 1,515 shares in the last quarter. Cascade Investment Group Inc. purchased a new stake in Oracle during the 2nd quarter worth about $239,000. Finally, Lockerman Financial Group Inc. acquired a new stake in Oracle in the 2nd quarter valued at about $328,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares of the company’s stock, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. The trade was a 24.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 171,513 shares of company stock valued at $50,397,893. 40.90% of the stock is owned by company insiders.

Oracle Trading Down 4.6%

Shares of ORCL stock opened at $189.64 on Friday. The stock has a market cap of $540.62 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.24 and a beta of 1.66. The company has a quick ratio of 0.62, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The business has a fifty day simple moving average of $245.58 and a 200-day simple moving average of $240.83.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The company had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s dividend payout ratio (DPR) is currently 37.59%.

Analyst Ratings Changes

A number of analysts have weighed in on ORCL shares. Erste Group Bank cut Oracle from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Rothschild & Co Redburn started coverage on Oracle in a research report on Thursday, September 25th. They set a “sell” rating and a $175.00 target price on the stock. TD Cowen decreased their target price on Oracle from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday. BNP Paribas set a $377.00 price target on shares of Oracle in a research note on Wednesday, September 10th. Finally, DA Davidson cut their price objective on shares of Oracle from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $301.57.

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.