Birch Hill Investment Advisors LLC Has $4.66 Million Holdings in Oracle Corporation (NYSE:ORCL)

Birch Hill Investment Advisors LLC reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,312 shares of the enterprise software provider's stock after selling 1,239 shares during the period. Birch Hill Investment Advisors LLC's holdings in Oracle were worth $4,657,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter worth about $34,000. Mpwm Advisory Solutions LLC acquired a new position in Oracle in the 4th quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL stock opened at $207.85 on Wednesday. The stock's fifty day simple moving average is $155.97 and its 200 day simple moving average is $160.82. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. The firm has a market cap of $581.34 billion, a price-to-earnings ratio of 47.89, a P/E/G ratio of 3.13 and a beta of 1.32. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Mizuho lowered their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Stephens assumed coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Finally, Barclays reissued an "overweight" rating and set a $221.00 price objective (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $194.32.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction 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 transaction, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last 90 days. 42.20% of the stock is 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.

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