Oracle Corporation (NYSE:ORCL) Shares Sold by Canoe Financial LP

Canoe Financial LP decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,698 shares of the enterprise software provider's stock after selling 3,700 shares during the period. Canoe Financial LP's holdings in Oracle were worth $16,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new position in shares of Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ORCL shares. Evercore ISI reissued a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $196.74.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on 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 sale, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider now owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 over the last 90 days. 42.20% of the stock is owned by insiders.

Oracle Trading Up 4.0%

Oracle stock traded up $8.35 during midday trading on Tuesday, hitting $215.39. 19,008,628 shares of the stock were exchanged, compared to its average volume of 9,891,408. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $604.99 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 3.08 and a beta of 1.32. The stock's 50-day simple moving average is $161.85 and its 200 day simple moving average is $161.26. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last released 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. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. On average, equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

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.