Deroy & Devereaux Private Investment Counsel Inc. Sells 1,600 Shares of Oracle Corporation (NYSE:ORCL)

Deroy & Devereaux Private Investment Counsel Inc. trimmed its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,719 shares of the enterprise software provider's stock after selling 1,600 shares during the period. Oracle accounts for about 1.6% of Deroy & Devereaux Private Investment Counsel Inc.'s investment portfolio, making the stock its 24th biggest holding. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Oracle were worth $26,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares during the period. IFM Investors Pty Ltd grew its stake in Oracle by 8.8% in the first quarter. IFM Investors Pty Ltd now owns 334,930 shares of the enterprise software provider's stock worth $46,827,000 after purchasing an additional 27,065 shares during the period. Hartline Investment Corp raised its holdings in Oracle by 16.6% in the first quarter. Hartline Investment Corp now owns 3,794 shares of the enterprise software provider's stock worth $530,000 after purchasing an additional 541 shares in the last quarter. 44 Wealth Management LLC purchased a new position in Oracle during the first quarter valued at $246,000. Finally, Royal Harbor Partners LLC boosted its holdings in shares of Oracle by 3.8% during the 1st quarter. Royal Harbor Partners LLC now owns 3,394 shares of the enterprise software provider's stock valued at $475,000 after buying an additional 125 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred 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 transaction, the director owned 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 440,366 shares of company stock worth $83,103,603 in the last three months. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ORCL shares. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Cantor Fitzgerald cut their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Westpark Capital raised their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Bank of America upped their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $204.15.

Oracle Stock Performance

Shares of ORCL stock traded up $7.41 during trading hours on Friday, reaching $237.39. The company had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. 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 business has a fifty day moving average price of $176.16 and a 200-day moving average price of $163.79. Oracle Corporation has a one year low of $118.86 and a one year high of $237.99. The firm has a market cap of $666.79 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for 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 firm'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. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

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.