Compton Wealth Advisory Group LLC Sells 3,302 Shares of Oracle Corporation (NYSE:ORCL)

Compton Wealth Advisory Group LLC lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 17.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,080 shares of the enterprise software provider's stock after selling 3,302 shares during the quarter. Compton Wealth Advisory Group LLC's holdings in Oracle were worth $2,248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ORCL. Sunbeam Capital Management LLC bought a new position in Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter valued at about $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $28,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the fourth quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Down 1.5%

Shares of ORCL traded down $3.50 during trading hours on Monday, hitting $233.82. 7,012,681 shares of the company were exchanged, compared to its average volume of 12,206,635. 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 company has a market cap of $656.76 billion, a PE ratio of 53.83, a PEG ratio of 3.55 and a beta of 1.39. The firm's 50 day moving average is $178.14 and its 200-day moving average is $164.22. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 company had revenue of $15.90 billion for 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%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. On average, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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. 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 0.86%. Oracle's payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ORCL. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and increased their price objective for the company from $180.00 to $250.00 in a research report on Monday, June 30th. TD Cowen increased their price target on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday. JMP Securities set a $240.00 price objective on shares of Oracle and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Mizuho dropped their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, KeyCorp upped 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. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

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.