Oracle Co. (NYSE:ORCL) Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,040 shares of the enterprise software provider's stock after selling 2,072 shares during the period. Elevation Point Wealth Partners LLC's holdings in Oracle were worth $2,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Capital & Planning LLC grew its holdings in Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after purchasing an additional 81 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Oracle during the fourth quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC grew its stake in shares of Oracle by 8.1% during the fourth 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 during the last quarter. Finally, Stanley Laman Group Ltd. raised its holdings in shares of Oracle by 11.4% in the fourth quarter. Stanley Laman Group Ltd. now owns 2,876 shares of the enterprise software provider's stock worth $479,000 after buying an additional 294 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock valued at $80,183,723 in the last three months. 42.20% of the stock is owned by insiders.

Oracle Stock Up 7.8%

ORCL traded up $15.68 during trading on Friday, hitting $215.54. The stock had a trading volume of 53,639,099 shares, compared to its average volume of 9,727,788. The stock has a 50 day simple moving average of $152.88 and a two-hundred day simple moving average of $160.62. The company has a market capitalization of $602.86 billion, a PE ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ORCL shares. Evercore ISI boosted their price objective on Oracle from $180.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley reissued a "positive" rating on shares of Oracle in a research note on Monday, June 9th. DA Davidson upped their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday. JMP Securities lifted their price objective on shares of Oracle from $205.00 to $240.00 and gave the company a "market outperform" rating in a report on Thursday. Finally, UBS Group boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $194.32.

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.