Oracle Corporation (NYSE:ORCL) Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 45.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,553 shares of the enterprise software provider's stock after selling 3,753 shares during the period. Callahan Advisors LLC's holdings in Oracle were worth $637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Diversify Wealth Management LLC grew its position in Oracle by 3.1% in the first quarter. Diversify Wealth Management LLC now owns 48,701 shares of the enterprise software provider's stock worth $6,857,000 after acquiring an additional 1,470 shares in the last quarter. Xponance Inc. boosted its position in shares of Oracle by 3.2% during the first quarter. Xponance Inc. now owns 378,082 shares of the enterprise software provider's stock valued at $52,860,000 after buying an additional 11,724 shares during the period. Kesler Norman & Wride LLC boosted its position in shares of Oracle by 3.2% during the first quarter. Kesler Norman & Wride LLC now owns 5,484 shares of the enterprise software provider's stock valued at $767,000 after buying an additional 171 shares during the period. Fidelis Capital Partners LLC boosted its position in shares of Oracle by 16.3% during the first quarter. Fidelis Capital Partners LLC now owns 18,452 shares of the enterprise software provider's stock valued at $2,555,000 after buying an additional 2,592 shares during the period. Finally, Genus Capital Management Inc. boosted its position in shares of Oracle by 158.5% during the first quarter. Genus Capital Management Inc. now owns 23,531 shares of the enterprise software provider's stock valued at $3,290,000 after buying an additional 63,767 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed 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 transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 445,366 shares of company stock valued at $84,784,653. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL traded down $1.31 during trading hours on Monday, reaching $229.25. 11,324,808 shares of the company traded hands, compared to its average volume of 10,274,958. The stock has a market capitalization of $643.93 billion, a P/E ratio of 52.82, a P/E/G ratio of 3.45 and a beta of 1.39. 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 $241.44. The business has a fifty day moving average price of $187.16 and a 200-day moving average price of $166.42.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. KeyCorp lifted their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities set a $240.00 price target on shares of Oracle and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.37.

Oracle Company 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.