Auxano Advisors LLC Decreases Position in Oracle Corporation (NYSE:ORCL)

Auxano Advisors LLC cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,869 shares of the enterprise software provider's stock after selling 1,060 shares during the period. Auxano Advisors LLC's holdings in Oracle were worth $1,659,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new stake in Oracle during the fourth quarter valued at approximately $33,000. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the first quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Friday. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. BMO Capital Markets boosted their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-four 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 presently has an average rating of "Moderate Buy" and an average price target of $218.29.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,366 shares of company stock worth $84,784,653 in the last ninety days. 42.20% of the stock is owned by company insiders.

Oracle Stock Down 1.0%

Oracle stock traded down $2.42 during midday trading on Friday, hitting $246.34. 3,899,187 shares of the company's stock were exchanged, compared to its average volume of 10,314,474. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The company has a market cap of $691.91 billion, a PE ratio of 56.63, a P/E/G ratio of 3.61 and a beta of 1.39. 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 50-day moving average of $194.31 and a two-hundred day moving average of $168.39.

Oracle (NYSE:ORCL - Get Free Report) last released 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 business had revenue of $15.90 billion for 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%. The company's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

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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