1834 Investment Advisors Co. Has $963,000 Position in Oracle Corporation (NYSE:ORCL)

Key Points

• 1834 Investment Advisors Co. has reduced its stake in Oracle Corporation by 13.6%, selling 1,085 shares in the first quarter, now holding 6,890 shares valued at approximately $963,000.
• Oracle's stock has received multiple positive ratings from analysts, with projections for target prices rising; Deutsche Bank increased its price target to $240.00 and TD Cowen raised it to $325.00.
• Oracle recently announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 0.8%, with a payout ratio of 46.08%.

1834 Investment Advisors Co. decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,890 shares of the enterprise software provider's stock after selling 1,085 shares during the quarter. 1834 Investment Advisors Co.'s holdings in Oracle were worth $963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter valued at about $28,000. Iron Horse Wealth Management LLC increased its stake in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the 4th quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded down $7.05 on Thursday, hitting $249.38. The stock had a trading volume of 11,938,634 shares, compared to its average volume of 10,333,115. The company's 50-day moving average is $220.94 and its two-hundred day moving average is $177.32. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The stock has a market cap of $700.47 billion, a price-to-earnings ratio of 57.46, a P/E/G ratio of 3.83 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and lifted their target price for the company from $180.00 to $250.00 in a report on Monday, June 30th. TD Cowen upped their price target on shares of Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price objective (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $222.75.

Insider Activity

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last quarter. 42.20% of the stock is currently owned by corporate 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.