Bailard Inc. Sells 4,212 Shares of Oracle Corporation (NYSE:ORCL)

Bailard Inc. decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,882 shares of the enterprise software provider's stock after selling 4,212 shares during the period. Bailard Inc.'s holdings in Oracle were worth $10,749,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC increased its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL stock traded up $7.76 during trading on Thursday, reaching $249.06. The company's stock had a trading volume of 17,612,488 shares, compared to its average volume of 10,338,980. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.45. 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 market capitalization of $699.56 billion, a P/E ratio of 57.39, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The company's fifty day moving average is $192.33 and its 200-day moving average is $167.83.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank assumed coverage on Oracle in a research report on Thursday. They issued a "sector outperform" rating and a $300.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $215.61.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by company insiders.

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.