TigerOak Management L.L.C. Decreases Stock Holdings in Oracle Corporation (NYSE:ORCL)

TigerOak Management L.L.C. lessened its holdings in Oracle Corporation (NYSE:ORCL) by 5.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,528 shares of the enterprise software provider’s stock after selling 95 shares during the quarter. TigerOak Management L.L.C.’s holdings in Oracle were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. FMR LLC lifted its position in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the last quarter. Geode Capital Management LLC boosted its stake in Oracle by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after acquiring an additional 619,619 shares in the last quarter. Franklin Resources Inc. boosted its stake in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORCL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. JMP Securities set a $240.00 price objective on Oracle and gave the company a “market outperform” rating in a research note on Thursday, June 12th. UBS Group raised their target price on shares of Oracle from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Finally, Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $197.67.

Insider Buying and Selling at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock valued at $83,395,223 over the last ninety days. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Down 2.2%

Shares of NYSE ORCL opened at $210.54 on Thursday. The stock has a market capitalization of $591.37 billion, a PE ratio of 48.51, a P/E/G ratio of 3.23 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a fifty day moving average of $165.09 and a 200-day moving average of $161.98. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.93.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.95%. Oracle’s payout ratio is 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.