China Universal Asset Management Co. Ltd. Trims Stock Holdings in Oracle Corporation $ORCL

China Universal Asset Management Co. Ltd. lowered its position in shares of Oracle Corporation (NYSE:ORCL) by 28.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 19,942 shares of the enterprise software provider’s stock after selling 7,985 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Oracle were worth $4,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Barnes Wealth Management Group Inc lifted its holdings in shares of Oracle by 3.3% during the second quarter. Barnes Wealth Management Group Inc now owns 2,138 shares of the enterprise software provider’s stock worth $467,000 after purchasing an additional 69 shares during the period. Munro Partners acquired a new position in Oracle in the 2nd quarter worth approximately $112,274,000. Provident Investment Management Inc. purchased a new position in Oracle during the 2nd quarter worth approximately $227,000. Thrivent Financial for Lutherans lifted its stake in Oracle by 263.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 290,506 shares of the enterprise software provider’s stock valued at $63,206,000 after acquiring an additional 210,603 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH acquired a new stake in Oracle during the 2nd quarter valued at approximately $11,181,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of ORCL stock opened at $189.64 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The business’s 50 day moving average is $245.58 and its two-hundred day moving average is $241.93. The company has a market capitalization of $544.86 billion, a P/E ratio of 35.65, a P/E/G ratio of 1.82 and a beta of 1.66.

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

Oracle Dividend Announcement

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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio (DPR) is presently 37.59%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ORCL shares. Cowen reiterated a “buy” rating on shares of Oracle in a research note on Thursday, December 4th. Melius Research upped their price target on shares of Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Stifel Nicolaus cut their price target on Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday. Guggenheim reissued a “buy” rating and issued a $400.00 price objective on shares of Oracle in a report on Thursday. Finally, Redburn Partners set a $175.00 target price on Oracle in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $301.57.

Insiders Place Their Bets

In related news, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $300.00, for a total value of $5,927,400.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the transaction, the chief executive officer directly owned 154,030 shares of the company’s stock, valued at $42,610,859.20. The trade was a 20.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 171,513 shares of company stock valued at $50,397,893. 40.90% of the stock is owned by company insiders.

Oracle 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.