Blair William & Co. IL decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 499,767 shares of the enterprise software provider's stock after selling 122,092 shares during the quarter. Blair William & Co. IL's holdings in Oracle were worth $69,872,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the company. Argent Trust Co increased its holdings in shares of Oracle by 3.5% in the 1st quarter. Argent Trust Co now owns 112,072 shares of the enterprise software provider's stock valued at $15,669,000 after acquiring an additional 3,814 shares during the last quarter. Avalon Trust Co lifted its stake in Oracle by 2.7% during the first quarter. Avalon Trust Co now owns 6,912 shares of the enterprise software provider's stock worth $966,000 after purchasing an additional 180 shares during the last quarter. L & S Advisors Inc boosted its holdings in Oracle by 15.0% in the first quarter. L & S Advisors Inc now owns 18,597 shares of the enterprise software provider's stock valued at $2,600,000 after purchasing an additional 2,421 shares in the last quarter. Scotia Capital Inc. boosted its holdings in Oracle by 14.3% in the first quarter. Scotia Capital Inc. now owns 297,268 shares of the enterprise software provider's stock valued at $41,561,000 after purchasing an additional 37,267 shares in the last quarter. Finally, Cheviot Value Management LLC raised its holdings in Oracle by 65.4% during the first quarter. Cheviot Value Management LLC now owns 3,715 shares of the enterprise software provider's stock worth $555,000 after purchasing an additional 1,469 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.
Insider Transactions 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 transaction of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, 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 link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 431,169 shares of company stock worth $82,908,609 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
ORCL has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. KeyCorp raised their price objective on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $218.29.
Get Our Latest Report on Oracle
Oracle Price Performance
ORCL stock traded down $9.33 on Friday, reaching $244.44. 12,500,927 shares of the company's stock were exchanged, compared to its average volume of 11,238,885. The stock has a fifty day moving average of $213.55 and a 200-day moving average of $174.96. The firm has a market cap of $686.59 billion, a PE ratio of 56.32, a P/E/G ratio of 3.65 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87.
Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 EPS. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.
Oracle Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.
About Oracle
(
Free Report)
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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