Union Bancaire Privee UBP SA Sells 60,391 Shares of Oracle Corporation $ORCL

by · The Markets Daily

Union Bancaire Privee UBP SA lowered its stake in shares of Oracle Corporation (NYSE:ORCLFree Report) by 17.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,665 shares of the enterprise software provider’s stock after selling 60,391 shares during the quarter. Oracle comprises 1.6% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 15th largest holding. Union Bancaire Privee UBP SA’s holdings in Oracle were worth $83,153,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swiss National Bank lifted its stake in shares of Oracle by 7.6% in the second quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock valued at $1,113,526,000 after buying an additional 360,000 shares during the period. Private Wealth Asset Management LLC raised its holdings in Oracle by 9.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after acquiring an additional 321 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in Oracle by 4.8% in the 2nd quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock valued at $7,201,000 after acquiring an additional 1,515 shares in the last quarter. Cascade Investment Group Inc. bought a new stake in shares of Oracle in the 2nd quarter worth approximately $239,000. Finally, Lockerman Financial Group Inc. acquired a new stake in shares of Oracle during the 2nd quarter worth approximately $328,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of several research reports. Morgan Stanley raised their target price on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. Wolfe Research upped their price objective on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. JMP Securities restated a “market outperform” rating and set a $342.00 target price on shares of Oracle in a research report on Friday, October 17th. TD Cowen lowered their price target on Oracle from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Oracle from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $302.92.

Check Out Our Latest Stock Report on Oracle

Insider Activity

In other news, EVP Stuart Levey sold 19,758 shares of the business’s 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 sale, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 155,190 shares of company stock worth $45,279,001. 40.90% of the stock is owned by company insiders.

Oracle Trading Down 5.4%

Shares of ORCL opened at $178.46 on Thursday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $512.74 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.70 and a beta of 1.66. The stock has a fifty day moving average price of $239.32 and a two-hundred day moving average price of $241.81. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle (NYSE:ORCLGet Free Report) last announced its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share 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 company had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same period last year, the company posted $1.47 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Oracle Company Profile

(Free Report)

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.

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