Oracle Co. (NYSE:ORCL) Shares Sold by Full Sail Capital LLC

VaselineSeptember 29, 2024

0 5 minutes read

Full Sail Capital LLC reduced its holdings in Oracle Co. (NYSE:ORCL – Free Report) by 17.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,501 shares of the enterprise software provider’s stock after selling 545 shares during the quarter. Full Sail Capital LLC’s holdings in Oracle were worth $353,000 at the end of the most recent quarter.

Several other hedge funds have recently added to or reduced their stakes in ORCL. Contour Asset Management LLC boosted its holdings in shares of Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares during the period. Hancock Whitney Corp raised its stake in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares of shares during the period. Itau Unibanco Holding SA raised its stake in Oracle by 15.3% in the second quarter. Itau Unibanco Holding SA now owns 24,800 shares of the enterprise software provider’s stock worth $3,502,000 after acquiring an additional 3,300 shares during the period. Goelzer Investment Management Inc. raised its stake in Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Oracle by 55.7% in the second quarter. GAMMA Investing LLC now owns 22,315 shares of the enterprise software provider’s stock valued at $3,151,000 after purchasing an additional 7,982 shares in the last quarter. Institutional investors own 42.44% of the company’s shares.

The Wall Street analyst weighs in

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Guggenheim upped their price objective on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Morgan Stanley upped their target price on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Argus boosted their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $166.13.

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Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, insider Edward Screven sold 426,861 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock worth $225,338,245 in the last quarter. Company insiders own 42.80% of the company’s shares.

Oracle inventory performance

Shares of ORCL opened at $168.74 on Friday. The company has a market cap of $467.57 billion, a price-to-earnings ratio of 45.48, a P/E/G ratio of 3.05 and a beta of 1.01. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99. The company has a current ratio of 0.72, a quick ratio of 0.72, and a debt-to-equity ratio of 6.68. The stock’s fifty-day simple moving average is $144.96, and its 200-day simple moving average is $133.74.

Oracle (NYSE:ORCL – Get Free Report ) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue for the quarter was up 6.9% year over year. In the same quarter last year, the business posted EPS of $0.95. On average, sell-side analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10. This represents a dividend of $1.60 on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is 43.13%.

About Oracle

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Oracle Corporation provides products and services that address enterprise technology environments around the world. Oracle cloud software as a service offering includes 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 suite of applications, and Oracle Fusion Sales, Service and Marketing.