Achmea Investment Management B.V. Sells 15,005 Shares of Oracle Corporation (NYSE:ORCL)

Achmea Investment Management B.V. lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 22.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,155 shares of the enterprise software provider's stock after selling 15,005 shares during the quarter. Achmea Investment Management B.V.'s holdings in Oracle were worth $7,432,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cookson Peirce & Co. Inc. lifted its holdings in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares during the period. Greenwood Gearhart Inc. boosted its holdings in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC grew its stake in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after purchasing an additional 67 shares during the period. CORDA Investment Management LLC. raised its holdings in shares of Oracle by 0.9% in the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after buying an additional 68 shares in the last quarter. Finally, Stage Harbor Financial LLC raised its holdings in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Down 1.2%

ORCL opened at $210.16 on Friday. The firm's fifty day moving average is $168.42 and its two-hundred day moving average is $162.36. The firm has a market cap of $590.31 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.32. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.93. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock valued at $83,395,223 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Jefferies Financial Group increased their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Royal Bank Of Canada boosted their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Finally, Guggenheim upped their price objective on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $197.67.

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.

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