Adage Capital Partners GP L.L.C. Lowers Stock Holdings in Oracle Corporation $ORCL

Adage Capital Partners GP L.L.C. lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,644,716 shares of the enterprise software provider’s stock after selling 134,700 shares during the period. Oracle accounts for about 0.6% of Adage Capital Partners GP L.L.C.’s holdings, making the stock its 24th biggest position. Adage Capital Partners GP L.L.C. owned 0.06% of Oracle worth $359,584,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Snider Financial Group grew its position in shares of Oracle by 1.3% during the 2nd quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after purchasing an additional 40 shares in the last quarter. SNS Financial Group LLC boosted its stake in Oracle by 0.9% during the second quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after buying an additional 42 shares during the period. PKS Advisory Services LLC boosted its stake in Oracle by 1.9% during the second quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after buying an additional 42 shares during the period. Reyes Financial Architecture Inc. grew its position in Oracle by 7.2% during the second quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 43 shares in the last quarter. Finally, Creative Capital Management Investments LLC increased its stake in Oracle by 5.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock opened at $189.64 on Friday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.62 and a current ratio of 0.91. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a fifty day moving average of $245.58 and a 200-day moving average of $240.83. The stock has a market capitalization of $540.62 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.66.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The company 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 firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 EPS. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ORCL. BNP Paribas set a $377.00 price target on Oracle in a research report on Wednesday, September 10th. Rothschild Redb upgraded shares of Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Erste Group Bank lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Redburn Partners set a $175.00 price target on shares of Oracle in a research note on Thursday, September 25th. Finally, Jefferies Financial Group increased their price target on shares of Oracle from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $301.57.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,222 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the transaction, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the transaction, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 171,513 shares of company stock valued at $50,397,893. Corporate insiders own 40.90% of the company’s stock.

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.