Oracle Corporation (NYSE:ORCL) Shares Sold by AGF Management Ltd.

Key Points

• AGF Management Ltd. reduced its holdings in Oracle Corporation by 6.6%, now owning 218,294 shares worth approximately $30.52 million.
• Insider transactions show significant sales, with Vice Chairman Jeffrey Henley selling 400,000 shares valued at over $76 million, representing a 26.71% decrease in his ownership.
• Oracle recently declared a quarterly dividend of $0.50 per share, reflecting a **0.8% yield** and a payout ratio of 46.08%.

AGF Management Ltd. lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,294 shares of the enterprise software provider's stock after selling 15,407 shares during the period. AGF Management Ltd.'s holdings in Oracle were worth $30,520,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 0.3%

Shares of ORCL traded up $0.86 during midday trading on Tuesday, hitting $253.54. The company had a trading volume of 9,996,446 shares, compared to its average volume of 10,145,522. The company's 50-day simple moving average is $226.06 and its 200-day simple moving average is $178.76. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $712.15 billion, a P/E ratio of 58.42, a P/E/G ratio of 3.77 and a beta of 1.43. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.63 EPS. As a group, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,183 shares of company stock worth $86,521,198. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ORCL. BMO Capital Markets upped their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Bank of America increased their price objective on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. JMP Securities upped their target price on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a report on Friday, July 18th. KeyCorp upped their target price on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Finally, Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $222.75.

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.