Pacific Sage Partners LLC Has $2.51 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Pacific Sage Partners LLC cut its stake in Oracle Corporation (NYSE:ORCL) by 1.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 17,977 shares of the enterprise software provider’s stock after selling 209 shares during the quarter. Oracle comprises approximately 0.6% of Pacific Sage Partners LLC’s investment portfolio, making the stock its 25th biggest position. Pacific Sage Partners LLC’s holdings in Oracle were worth $2,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the period. Wealthspire Advisors LLC increased its stake in shares of Oracle by 4.0% in the fourth quarter. Wealthspire Advisors LLC now owns 21,781 shares of the enterprise software provider’s stock valued at $3,630,000 after buying an additional 835 shares during the period. Howard Capital Management Inc. increased its stake in shares of Oracle by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 10,013 shares of the enterprise software provider’s stock valued at $1,669,000 after buying an additional 517 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at about $3,962,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.74.

Oracle Stock Performance

Shares of ORCL opened at $207.08 on Tuesday. 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 business’s 50 day moving average price is $161.85 and its 200-day moving average price is $161.26. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60. The stock has a market cap of $581.65 billion, a P/E ratio of 47.71, a P/E/G ratio of 3.08 and a beta of 1.32.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given 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 0.97%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by corporate insiders.

About Oracle

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.