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Oracle Corporation (NYSE:ORCL) Shares Sold by Bryn Mawr Capital Management LLC

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Bryn Mawr Capital Management LLC decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 47.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,661 shares of the enterprise software provider's stock after selling 110,158 shares during the period. Oracle comprises approximately 1.0% of Bryn Mawr Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Bryn Mawr Capital Management LLC's holdings in Oracle were worth $16,730,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Oracle by 8.5% during the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock valued at $4,475,000 after buying an additional 2,101 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Oracle by 3.3% in the fourth quarter. Harbour Investments Inc. now owns 19,561 shares of the enterprise software provider's stock valued at $3,260,000 after purchasing an additional 624 shares during the period. Finally, Patten & Patten Inc. TN raised its holdings in shares of Oracle by 5.0% during the fourth quarter. Patten & Patten Inc. TN now owns 9,739 shares of the enterprise software provider's stock valued at $1,623,000 after acquiring an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. BMO Capital Markets upped their price objective on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price objective on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Evercore ISI increased their price objective on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.37.

Get Our Latest Analysis on Oracle

Insider Activity

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director directly owned 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,366 shares of company stock valued at $84,784,653 in the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded up $6.29 during trading hours on Wednesday, hitting $241.25. 12,555,899 shares of the stock were exchanged, compared to its average volume of 10,304,783. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $677.64 billion, a price-to-earnings ratio of 55.59, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. The stock has a 50-day moving average of $192.33 and a 200 day moving average of $167.83.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during 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%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 earnings per share. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed 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 0.83%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Oracle Company Profile

(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.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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