Avantax Planning Partners Inc. Has $2.46 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Avantax Planning Partners Inc. cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,562 shares of the enterprise software provider's stock after selling 2,957 shares during the period. Avantax Planning Partners Inc.'s holdings in Oracle were worth $2,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC acquired a new stake in Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $28,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 3.2%

Shares of NYSE:ORCL traded up $7.41 during midday trading on Friday, hitting $237.39. The company had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99. The firm has a fifty day simple moving average of $176.16 and a 200 day simple moving average of $163.79. 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 (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. Oracle's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORCL. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. Evercore ISI reiterated a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. TD Cowen lifted their price objective on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday. Finally, Royal Bank Of Canada upped their price objective on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $204.15.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,866 shares of Oracle 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 transaction, the director directly owned 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock worth $83,103,603 over the last quarter. 42.20% of the stock is owned by insiders.

Oracle Company 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.