Affinity Investment Advisors LLC Sells 1,248 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Affinity Investment Advisors LLC reduced its stake in Oracle Corporation by 40.3%, selling 1,248 shares, leaving them with 1,845 shares valued at approximately $258,000.
• Several institutional investors have modified their holdings in Oracle, including Seven Mile Advisory, which increased its stake by 5.7%, now owning roughly $854,000 worth of shares.
• Oracle recently had earnings that exceeded expectations, reporting $1.70 earnings per share against a consensus estimate of $1.64, and achieved a revenue of $15.90 billion for the quarter.

Affinity Investment Advisors LLC lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 40.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,845 shares of the enterprise software provider's stock after selling 1,248 shares during the period. Affinity Investment Advisors LLC's holdings in Oracle were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Seven Mile Advisory raised its stake in shares of Oracle by 5.7% in the first quarter. Seven Mile Advisory now owns 6,108 shares of the enterprise software provider's stock valued at $854,000 after acquiring an additional 331 shares during the last quarter. LeConte Wealth Management LLC bought a new position in Oracle in the 1st quarter worth approximately $233,000. Steward Partners Investment Advisory LLC raised its position in Oracle by 3.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 227,463 shares of the enterprise software provider's stock worth $31,802,000 after purchasing an additional 7,057 shares during the last quarter. Bowie Capital Management LLC bought a new position in Oracle in the 1st quarter worth approximately $14,400,000. Finally, Alliance Wealth Advisors LLC UT raised its position in Oracle by 8.7% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 46,357 shares of the enterprise software provider's stock worth $6,481,000 after purchasing an additional 3,710 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price objective for the company. Mizuho boosted their price objective on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Royal Bank Of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Finally, TD Cowen boosted their price objective on shares of Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Nine 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $227.04.

Oracle Price Performance

Shares of ORCL stock opened at $248.48 on Friday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The firm has a market capitalization of $697.94 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 3.71 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. The firm has a fifty day moving average of $230.54 and a 200-day moving average of $180.52.

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, beating the consensus estimate 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 net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 EPS. On average, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

Insider Transactions at Oracle

In related news, 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 transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

About Oracle

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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