Country Club Bank Sells 11,546 Shares of Oracle Corporation (NYSE:ORCL)

Country Club Bank cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 26.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,486 shares of the enterprise software provider's stock after selling 11,546 shares during the period. Country Club Bank's holdings in Oracle were worth $4,576,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Greenwood Gearhart Inc. increased its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. WorthPointe LLC lifted its stake in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after acquiring an additional 67 shares during the period. Stage Harbor Financial LLC boosted its holdings in Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares during the last quarter. J. L. Bainbridge & Co. Inc. lifted its holdings in shares of Oracle by 5.5% during the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after buying an additional 70 shares during the period. Finally, Prestige Wealth Management Group LLC grew its position in shares of Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after acquiring an additional 70 shares during the period. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORCL. BMO Capital Markets lifted their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. KeyCorp increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $209.33.

Oracle Stock Performance

ORCL opened at $235.08 on Friday. The firm's 50-day moving average price is $185.56 and its 200-day moving average price is $166.09. The company has a market cap of $660.30 billion, a P/E ratio of 54.17, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $241.44.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated 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 owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 445,366 shares of company stock worth $84,784,653. Company insiders own 42.20% of the company's stock.

Oracle Company 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.

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