Oracle Corporation (NYSE:ORCL) Shares Sold by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. cut its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,461 shares of the enterprise software provider's stock after selling 25,289 shares during the quarter. Oracle accounts for approximately 2.2% of First Fiduciary Investment Counsel Inc.'s holdings, making the stock its 20th biggest position. First Fiduciary Investment Counsel Inc.'s holdings in Oracle were worth $10,131,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. WASHINGTON TRUST Co boosted its holdings in Oracle by 6.3% in the 1st quarter. WASHINGTON TRUST Co now owns 19,174 shares of the enterprise software provider's stock valued at $2,681,000 after purchasing an additional 1,129 shares in the last quarter. Canandaigua National Bank & Trust Co. lifted its holdings in shares of Oracle by 1.8% in the 1st quarter. Canandaigua National Bank & Trust Co. now owns 76,748 shares of the enterprise software provider's stock valued at $10,730,000 after buying an additional 1,331 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Oracle by 654.1% in the first quarter. Valley National Advisers Inc. now owns 8,906 shares of the enterprise software provider's stock valued at $1,245,000 after buying an additional 7,725 shares in the last quarter. Jacobsen Capital Management boosted its stake in shares of Oracle by 10.9% in the first quarter. Jacobsen Capital Management now owns 2,708 shares of the enterprise software provider's stock valued at $379,000 after buying an additional 267 shares in the last quarter. Finally, Northwest Wealth Management LLC grew its holdings in Oracle by 27.2% during the first quarter. Northwest Wealth Management LLC now owns 3,192 shares of the enterprise software provider's stock worth $446,000 after acquiring an additional 683 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 4.2%

Shares of ORCL stock traded up $8.74 during mid-day trading on Monday, hitting $218.98. 31,823,670 shares of the company's stock were exchanged, compared to its average volume of 9,973,656. The stock has a 50-day simple moving average of $168.42 and a two-hundred day simple moving average of $162.15. 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 fifty-two week low of $118.86 and a fifty-two week high of $227.61. The stock has a market cap of $615.08 billion, a price-to-earnings ratio of 50.46, a PEG ratio of 3.15 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business earned $1.63 EPS. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts expect 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.91%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ORCL. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Piper Sandler restated a "neutral" rating and set a $130.00 target price on shares of Oracle in a research report on Wednesday, June 11th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Stephens initiated coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Finally, DA Davidson raised their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $200.26.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director directly owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock valued at $83,395,223 in the last quarter. Company insiders own 42.20% of the company's stock.

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.