Oracle Co. (ORCL) Shares Bought by Nepsis Capital Management Inc.

Nepsis Capital Management Inc. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 373.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,541 shares of the enterprise software provider’s stock after acquiring an additional 120,295 shares during the quarter. Oracle makes up approximately 3.8% of Nepsis Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Nepsis Capital Management Inc.’s holdings in Oracle were worth $7,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Acrospire Investment Management LLC lifted its holdings in Oracle by 947.4% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,990 shares of the enterprise software provider’s stock worth $100,000 after buying an additional 1,800 shares during the period. Burt Wealth Advisors lifted its holdings in Oracle by 4.3% during the 2nd quarter. Burt Wealth Advisors now owns 2,151 shares of the enterprise software provider’s stock worth $107,000 after buying an additional 88 shares during the period. ETF Managers Group LLC acquired a new position in Oracle during the 2nd quarter worth about $133,000. Monroe Bank & Trust MI lifted its holdings in Oracle by 30.5% during the 2nd quarter. Monroe Bank & Trust MI now owns 2,885 shares of the enterprise software provider’s stock worth $144,000 after buying an additional 675 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in Oracle by 65.9% during the 2nd quarter. IHT Wealth Management LLC now owns 2,383 shares of the enterprise software provider’s stock worth $154,000 after buying an additional 947 shares during the period. 57.77% of the stock is currently owned by institutional investors.

ORCL has been the topic of several recent research reports. Zacks Investment Research downgraded Oracle from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. UBS Group reissued a “neutral” rating and issued a $55.00 price objective (down from $57.00) on shares of Oracle in a research note on Thursday, November 9th. Vetr downgraded Oracle from a “strong-buy” rating to a “buy” rating and set a $51.82 price objective on the stock. in a research note on Monday, November 20th. BidaskClub raised Oracle from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada set a $53.00 price objective on Oracle and gave the company a “buy” rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.38.

In other Oracle news, EVP Dorian Daley sold 100,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $47.59, for a total transaction of $4,759,000.00. Following the sale, the executive vice president now owns 136,954 shares in the company, valued at $6,517,640.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Kurian sold 1,700,000 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $50.29, for a total value of $85,493,000.00. Following the sale, the insider now owns 1,522,983 shares in the company, valued at approximately $76,590,815.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,952,500 shares of company stock worth $98,130,250. 29.00% of the stock is owned by company insiders.

Oracle Co. (ORCL) traded up $0.33 during trading on Friday, reaching $50.97. The company had a trading volume of 3,653,269 shares, compared to its average volume of 16,462,129. Oracle Co. has a fifty-two week low of $41.50 and a fifty-two week high of $53.14. The company has a current ratio of 5.07, a quick ratio of 5.04 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $210,480.00, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.89 and a beta of 1.08.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Thursday, December 14th. The enterprise software provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Oracle had a return on equity of 20.49% and a net margin of 25.48%. The business had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Oracle’s revenue for the quarter was up 6.2% on a year-over-year basis. equities analysts anticipate that Oracle Co. will post 2.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a $0.19 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 1.49%. Oracle’s payout ratio is 32.62%.

Oracle announced that its board has initiated a stock repurchase program on Thursday, December 14th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the enterprise software provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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About Oracle

Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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