Gamco Investors INC. ET AL Sells 6,288 Shares of Oracle Corporation $ORCL

Gamco Investors INC. ET AL lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,527 shares of the enterprise software provider’s stock after selling 6,288 shares during the period. Gamco Investors INC. ET AL’s holdings in Oracle were worth $5,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in Oracle by 189.3% during 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 raised its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Oracle during the 4th quarter valued at about $128,000. Utah Retirement Systems boosted its position in shares of Oracle by 0.3% during the 4th quarter. Utah Retirement Systems now owns 260,641 shares of the enterprise software provider’s stock valued at $43,433,000 after acquiring an additional 700 shares during the last quarter. Finally, Voleon Capital Management LP purchased a new position in shares of Oracle during the fourth quarter worth about $9,033,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares of the company’s stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 in the last quarter. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Guggenheim raised their price target on Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Finally, Stifel Nicolaus upgraded Oracle from a “hold” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $227.04.

Oracle Stock Performance

NYSE:ORCL opened at $235.87 on Thursday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The firm has a market cap of $662.51 billion, a PE ratio of 54.35, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The business has a 50 day moving average price of $236.89 and a 200-day moving average price of $184.08.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio is 46.08%.

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.