Cerity Partners LLC Has $142.84 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Cerity Partners LLC increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 20.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,021,466 shares of the enterprise software provider's stock after purchasing an additional 173,315 shares during the period. Cerity Partners LLC's holdings in Oracle were worth $142,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter valued at $28,000. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter valued at $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter valued at $36,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on ORCL shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Royal Bank Of Canada upped their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. UBS Group set a $250.00 price objective on Oracle and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Finally, Barclays reissued an "overweight" rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.37.

Oracle Trading Down 0.6%

NYSE:ORCL traded down $1.31 during mid-day trading on Monday, hitting $229.25. The company had a trading volume of 11,321,868 shares, compared to its average volume of 12,306,868. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44. The business's fifty day moving average is $187.16 and its two-hundred day moving average is $166.42. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap 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.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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 dividend yield of 0.87%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by company insiders.

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.