Oracle Corporation (NYSE:ORCL) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its position in Oracle Corporation by 11.1%, now holding 22,659 shares valued at approximately $3.17 million.
• Institutional investors own 42.44% of Oracle's stock, with significant stake increases from firms like Nuveen LLC and GAMMA Investing LLC.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Oracle, with price targets recently raised by several institutions, indicating positive growth expectations.

Callan Family Office LLC lessened its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,659 shares of the enterprise software provider's stock after selling 2,834 shares during the period. Callan Family Office LLC's holdings in Oracle were worth $3,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. Northern Trust Corp raised its stake in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Polen Capital Management LLC boosted its stake in shares of Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after purchasing an additional 1,885,370 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Oracle by 0.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after purchasing an additional 94,236 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded up $0.86 on Tuesday, hitting $253.54. The company had a trading volume of 9,996,446 shares, compared to its average volume of 10,145,522. The firm has a market cap of $712.15 billion, a P/E ratio of 58.42, a price-to-earnings-growth ratio of 3.77 and a beta of 1.43. The company has a 50-day moving average price of $226.06 and a 200-day moving average price of $178.76. 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the company posted $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's payout ratio is presently 46.08%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 in the last three months. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. Bank of America increased their price objective on shares of Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Finally, Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $222.75.

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.