Oracle Corporation (NYSE:ORCL) Shares Sold by Cooper Financial Group

Key Points

• Cooper Financial Group reduced its stake in Oracle Corporation by 15.6%, selling 1,988 shares to hold 10,748 shares valued at approximately $1.5 million at the end of the first quarter.
• Oracle reported a quarterly EPS of $1.70, beating estimates, along with a revenue of $15.90 billion, representing an 11.3% increase compared to the previous year.
• The company announced a quarterly dividend of $0.50, which was paid to shareholders, signifying a 0.8% dividend yield and a payout ratio of 46.08%.

Cooper Financial Group lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 15.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,748 shares of the enterprise software provider's stock after selling 1,988 shares during the period. Cooper Financial Group's holdings in Oracle were worth $1,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ORCL. Brighton Jones LLC boosted its holdings in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after buying an additional 404 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its position in shares of Oracle by 8.0% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 1,843 shares of the enterprise software provider's stock valued at $307,000 after buying an additional 136 shares in the last quarter. Petros Family Wealth LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $499,000. Finally, Fortis Capital Advisors LLC raised its position in shares of Oracle by 38.6% during the 4th quarter. Fortis Capital Advisors LLC now owns 10,368 shares of the enterprise software provider's stock valued at $1,728,000 after buying an additional 2,885 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ORCL shares. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Westpark Capital upped their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. DA Davidson upped their target price on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Mizuho decreased 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. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $222.75.

Insider Activity

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 shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Up 0.3%

Shares of NYSE ORCL traded up $0.65 during midday trading on Friday, reaching $250.04. 8,301,832 shares of the company's stock traded hands, compared to its average volume of 10,261,765. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock's 50 day simple moving average is $222.64 and its 200-day simple moving average is $177.75. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The company has a market cap of $702.32 billion, a price-to-earnings ratio of 57.61, a P/E/G ratio of 3.73 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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 net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. 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.