AlTi Global Inc. Trims Stock Position in Oracle Co. (NYSE:ORCL)

AlTi Global Inc. reduced its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,661 shares of the enterprise software provider's stock after selling 9,432 shares during the quarter. Oracle comprises about 0.5% of AlTi Global Inc.'s investment portfolio, making the stock its 28th biggest position. AlTi Global Inc.'s holdings in Oracle were worth $18,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider's stock worth $18,993,977,000 after buying an additional 1,514,569 shares during the period. Capital World Investors lifted its holdings in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock worth $2,319,604,000 after buying an additional 82,551 shares during the period. Parnassus Investments LLC increased its position in shares of Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider's stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC increased its position in shares of Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider's stock worth $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares in the company, valued at $7,076,685. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 426,861 shares of the business's stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,573,181 shares of company stock worth $225,338,245. 42.80% of the stock is owned by company insiders.

Oracle Stock Up 0.3 %

Shares of Oracle stock traded up $0.42 during trading on Wednesday, hitting $166.22. 7,136,827 shares of the stock were exchanged, compared to its average volume of 8,615,023. The stock has a market cap of $460.59 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. The firm's 50-day moving average price is $143.22 and its 200 day moving average price is $132.84. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to analysts' expectations of $13.23 billion. During the same period in the previous year, the company earned $0.95 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Oracle's dividend payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ORCL shares. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 10th. KeyCorp upped their target price on Oracle from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Guggenheim upped their target price on Oracle from $185.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, Piper Sandler upped their target price on Oracle from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, September 10th. Ten analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.13.

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.