Bernzott Capital Advisors Has $4.19 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Bernzott Capital Advisors cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,987 shares of the enterprise software provider's stock after selling 1,340 shares during the quarter. Bernzott Capital Advisors' holdings in Oracle were worth $4,192,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth $30,000. Finally, Hurley Capital LLC acquired a new stake in shares of Oracle in the fourth quarter worth $33,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value 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. This trade represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the 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 completion of the sale, the director owned 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 445,366 shares of company stock worth $84,784,653. Insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE ORCL traded down $2.42 on Friday, hitting $246.34. 3,899,187 shares of the company were exchanged, compared to its average volume of 10,314,474. The firm has a 50 day moving average of $194.31 and a two-hundred day moving average of $168.39. The company has a market cap of $691.91 billion, a P/E ratio of 56.63, a P/E/G ratio of 3.61 and a beta of 1.39. 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 1-year low of $118.86 and a 1-year high of $251.60.

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 (EPS) 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 company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company posted $1.63 EPS. The company's revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced 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 0.81%. Oracle's payout ratio is presently 46.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group boosted their target price 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. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $218.29.

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.

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