Catalina Capital Group LLC Cuts Stock Holdings in Oracle Corporation (NYSE:ORCL)

Catalina Capital Group LLC decreased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 52.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,240 shares of the enterprise software provider's stock after selling 6,792 shares during the period. Catalina Capital Group LLC's holdings in Oracle were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in Oracle in the 4th quarter valued at $34,000. Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the 4th quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of NYSE ORCL traded up $2.45 during midday trading on Thursday, reaching $210.63. 15,046,293 shares of the company were exchanged, compared to its average volume of 9,813,175. The stock's 50-day moving average price is $157.39 and its 200-day moving average price is $161.16. The stock has a market cap of $589.13 billion, a P/E ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The business 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a report on Wednesday. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and upped their target price for the company from $200.00 to $235.00 in a research report on Friday, June 13th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

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.