Oracle Corporation $ORCL is Absoluto Partners Gestao de Recursos Ltda’s 10th Largest Position

Absoluto Partners Gestao de Recursos Ltda increased its stake in Oracle Corporation (NYSE:ORCL) by 18.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,813 shares of the enterprise software provider’s stock after purchasing an additional 2,724 shares during the quarter. Oracle makes up approximately 2.4% of Absoluto Partners Gestao de Recursos Ltda’s portfolio, making the stock its 10th biggest holding. Absoluto Partners Gestao de Recursos Ltda’s holdings in Oracle were worth $3,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lighthouse Investment Partners LLC raised its stake in Oracle by 66.8% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 33,817 shares of the enterprise software provider’s stock valued at $7,393,000 after acquiring an additional 13,538 shares during the period. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Oracle in the second quarter valued at $629,000. Scge Management L.P. bought a new stake in shares of Oracle during the 2nd quarter valued at $291,215,000. Jupiter Wealth Management LLC purchased a new position in Oracle during the second quarter valued at approximately $383,000. Finally, Ausdal Financial Partners Inc. grew its stake in Oracle by 3.9% during the second quarter. Ausdal Financial Partners Inc. now owns 12,394 shares of the enterprise software provider’s stock valued at $2,710,000 after acquiring an additional 470 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president directly owned 47,083 shares of the company’s stock, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction on 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 completion of the transaction, the director owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 171,513 shares of company stock valued at $50,397,893 over the last ninety days. Insiders own 40.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. TD Cowen lowered their target price on shares of Oracle from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday. Cantor Fitzgerald reduced their price objective on Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group set a $325.00 target price on Oracle in a research report on Thursday. JPMorgan Chase & Co. cut their target price on Oracle from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Redburn Partners set a $175.00 price target on shares of Oracle in a research report on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $301.57.

Oracle Price Performance

ORCL opened at $189.64 on Friday. The stock’s 50 day moving average price is $245.58 and its 200-day moving average price is $240.83. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market capitalization of $540.62 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.66. 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 (NYSE:ORCL) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

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.