Atria Investments Inc Has $35.24 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Atria Investments Inc lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,042 shares of the enterprise software provider's stock after selling 10,669 shares during the period. Atria Investments Inc's holdings in Oracle were worth $35,238,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC increased its stake in Oracle by 3.0% during the first quarter. Principle Wealth Partners LLC now owns 61,887 shares of the enterprise software provider's stock valued at $8,652,000 after purchasing an additional 1,780 shares during the last quarter. Birchcreek Wealth Management LLC boosted its holdings in shares of Oracle by 25.1% during the first quarter. Birchcreek Wealth Management LLC now owns 5,516 shares of the enterprise software provider's stock valued at $771,000 after acquiring an additional 1,105 shares during the period. Lifeworks Advisors LLC boosted its holdings in shares of Oracle by 9.7% during the first quarter. Lifeworks Advisors LLC now owns 31,460 shares of the enterprise software provider's stock valued at $4,398,000 after acquiring an additional 2,786 shares during the period. Advisor OS LLC boosted its holdings in shares of Oracle by 2.4% during the first quarter. Advisor OS LLC now owns 3,766 shares of the enterprise software provider's stock valued at $527,000 after acquiring an additional 88 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Oracle by 6.6% during the first quarter. Pinnacle Associates Ltd. now owns 237,120 shares of the enterprise software provider's stock valued at $33,152,000 after acquiring an additional 14,612 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORCL shares. Westpark Capital boosted their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Evercore ISI upped their price objective on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, Mizuho reduced their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Nine investment 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 stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $218.29.

Oracle Stock Up 0.3%

Shares of ORCL traded up $0.74 during trading hours on Thursday, reaching $242.64. The company's stock had a trading volume of 8,229,157 shares, compared to its average volume of 13,587,158. The firm has a market cap of $681.53 billion, a price-to-earnings ratio of 55.91, a P/E/G ratio of 3.61 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $251.60. 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 company has a 50 day moving average of $202.72 and a two-hundred day moving average of $171.02.

Oracle (NYSE:ORCL - Get Free Report) last issued 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. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. As a group, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock worth $85,555,309 over the last ninety days. 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.