Ameritas Advisory Services LLC Has $4.26 Million Stake in Oracle Corporation (NYSE:ORCL)

Ameritas Advisory Services LLC lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,058 shares of the enterprise software provider's stock after selling 1,198 shares during the period. Ameritas Advisory Services LLC's holdings in Oracle were worth $4,260,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORCL. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. Greenwood Gearhart Inc. boosted its stake in shares of Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares during the period. WorthPointe LLC increased its stake in shares of Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after acquiring an additional 67 shares during the last quarter. Stage Harbor Financial LLC boosted its position in Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its position in Oracle by 5.5% during the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ORCL. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Piper Sandler restated a "neutral" rating and set a $130.00 price target on shares of Oracle in a research note on Wednesday, June 11th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Citigroup reissued an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $200.26.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last ninety days. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL traded up $8.74 during trading on Monday, reaching $218.98. 31,823,670 shares of the company's stock were exchanged, compared to its average volume of 9,973,643. The company has a market capitalization of $615.08 billion, a P/E ratio of 50.46, a PEG ratio of 3.15 and a beta of 1.32. 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 business has a 50 day moving average price of $168.42 and a 200 day moving average price of $162.15. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $227.61.

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, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.