Kapitalo Investimentos Ltda Trims Holdings in Oracle Co. (NYSE:ORCL)

Kapitalo Investimentos Ltda trimmed its holdings in shares of Oracle Co. (NYSE:ORCL) by 48.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,614 shares of the enterprise software provider’s stock after selling 1,509 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in Oracle were worth $170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Oracle in the 4th quarter valued at about $1,210,181,000. Wellington Management Group LLP lifted its stake in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. Boston Partners lifted its stake in shares of Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after acquiring an additional 3,323,334 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $144.64 on Wednesday. Oracle Co. has a one year low of $99.26 and a one year high of $145.06. The stock’s fifty day moving average is $121.81 and its 200 day moving average is $116.50. The stock has a market cap of $397.54 billion, a P/E ratio of 38.99, a P/E/G ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. Oracle’s dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Citigroup reduced their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Mizuho upped their target price on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday. Finally, Argus upped their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $144.79.

Insider Buying and Selling

In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. In the last three months, insiders have sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by company insiders.

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.