Alpha Cubed Investments LLC Reduces Stock Holdings in Oracle Corporation (NYSE:ORCL)

Alpha Cubed Investments LLC reduced its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,947 shares of the enterprise software provider's stock after selling 1,365 shares during the period. Alpha Cubed Investments LLC's holdings in Oracle were worth $6,424,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Interchange Capital Partners LLC grew its holdings in shares of Oracle by 4.4% during the 1st quarter. Interchange Capital Partners LLC now owns 7,152 shares of the enterprise software provider's stock worth $1,000,000 after purchasing an additional 304 shares during the period. Crossmark Global Holdings Inc. lifted its position in Oracle by 0.7% in the first quarter. Crossmark Global Holdings Inc. now owns 242,478 shares of the enterprise software provider's stock valued at $33,901,000 after buying an additional 1,701 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Oracle by 10.4% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 77,241 shares of the enterprise software provider's stock worth $10,799,000 after buying an additional 7,284 shares during the period. Security National Bank of SO Dak boosted its stake in Oracle by 1.0% during the first quarter. Security National Bank of SO Dak now owns 31,973 shares of the enterprise software provider's stock worth $4,470,000 after buying an additional 311 shares during the period. Finally, Byrne Financial Freedom LLC increased its position in shares of Oracle by 12.7% during the first quarter. Byrne Financial Freedom LLC now owns 4,448 shares of the enterprise software provider's stock valued at $622,000 after acquiring an additional 500 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 3.2%

Shares of Oracle stock opened at $237.39 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a fifty day simple moving average of $178.14 and a 200-day simple moving average of $164.22. The stock has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $237.99.

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 for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. On average, equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities set a $240.00 price objective on Oracle and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Barclays reissued an "overweight" rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Cantor Fitzgerald dropped their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $204.15.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is currently owned by corporate insiders.

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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