GFG Capital LLC Sells 4,038 Shares of Oracle Corporation $ORCL

GFG Capital LLC cut its stake in Oracle Corporation (NYSE:ORCL) by 25.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,608 shares of the enterprise software provider’s stock after selling 4,038 shares during the quarter. Oracle makes up approximately 1.1% of GFG Capital LLC’s investment portfolio, making the stock its 24th largest holding. GFG Capital LLC’s holdings in Oracle were worth $3,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Swiss National Bank increased its holdings in shares of Oracle by 7.6% during the second quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock worth $1,113,526,000 after purchasing an additional 360,000 shares during the period. Private Wealth Asset Management LLC grew its position in Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after buying an additional 321 shares in the last quarter. Soltis Investment Advisors LLC increased 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 acquiring an additional 1,515 shares during the period. Cascade Investment Group Inc. bought a new position in Oracle during the 2nd quarter worth $239,000. Finally, Lockerman Financial Group Inc. acquired a new position in Oracle in the 2nd quarter valued at $328,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ORCL shares. Mizuho set a $400.00 price target on Oracle in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. TD Cowen dropped their target price on shares of Oracle from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. Redburn Partners set a $175.00 price target on shares of Oracle in a report on Thursday, September 25th. Finally, Royal Bank Of Canada decreased their price objective on shares of Oracle from $310.00 to $250.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $302.92.

Insider Transactions at Oracle

In other news, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the sale, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $13,971,282.30. Following the sale, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 155,190 shares of company stock valued at $45,279,001. 40.90% of the stock is currently owned by corporate insiders.

Oracle Price Performance

ORCL stock opened at $178.46 on Thursday. The stock has a market cap of $512.74 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 1.70 and a beta of 1.66. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day simple moving average of $239.32 and a 200 day simple moving average of $241.81. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is presently 37.59%.

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.