Brentview Investment Management LLC Sells 5,570 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

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Brentview Investment Management LLC decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 15.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,533 shares of the enterprise software provider's stock after selling 5,570 shares during the period. Oracle comprises 2.2% of Brentview Investment Management LLC's investment portfolio, making the stock its 19th biggest position. Brentview Investment Management LLC's holdings in Oracle were worth $4,129,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ORCL. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the fourth quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter valued at about $28,000. Finally, 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 in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 2.9%

Shares of NYSE ORCL traded down $7.28 during trading hours on Friday, hitting $246.49. The stock had a trading volume of 4,233,860 shares, compared to its average volume of 12,047,818. The firm's 50-day moving average price is $211.78 and its two-hundred day moving average price is $174.13. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The company has a market capitalization of $692.36 billion, a P/E ratio of 56.78, a P/E/G ratio of 3.74 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company 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%. The business's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. Analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Analysts Set New Price Targets

A number of research analysts have weighed in on ORCL shares. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. JMP Securities lifted their price objective on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Guggenheim boosted their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Barclays restated an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, Bank of America lifted their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Activity

In other news, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $770,655.96. Following the transaction, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 431,169 shares of company stock worth $82,908,609 over the last 90 days. Company insiders own 42.20% of the company's stock.

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.