Bluesphere Advisors LLC Has $257,000 Stock Position in Oracle Corporation (NYSE:ORCL)

Bluesphere Advisors LLC cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 68.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,835 shares of the enterprise software provider's stock after selling 3,945 shares during the period. Bluesphere Advisors LLC's holdings in Oracle were worth $257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new stake in Oracle during the 4th quarter worth about $33,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter valued at about $28,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. Guggenheim boosted their price objective on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Barclays reissued an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.74.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated 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 now owns 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock valued at $83,395,223 in the last quarter. 42.20% of the stock is currently owned by insiders.

Oracle Trading Up 0.9%

Shares of NYSE:ORCL opened at $207.08 on Tuesday. The firm has a market cap of $581.65 billion, a price-to-earnings ratio of 47.71, a PEG ratio of 3.08 and a beta of 1.32. 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 12 month low of $118.86 and a 12 month high of $216.60. The company's fifty day simple moving average is $161.85 and its 200 day simple moving average is $161.26.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. As a group, research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

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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