First Foundation Advisors Sells 1,272 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• First Foundation Advisors has reduced its holdings in Oracle Corporation by 10.4%, selling 1,272 shares, now owning a total of 10,909 shares valued at approximately $1.525 million.
• Several institutional investors increased their stakes in Oracle during the 4th quarter, with Brighton Jones LLC purchasing an additional 100,494 shares, raising their holdings by 189.3%.
• Oracle recently declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a yield of 0.80%.

First Foundation Advisors lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.4% 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 10,909 shares of the enterprise software provider's stock after selling 1,272 shares during the quarter. First Foundation Advisors' holdings in Oracle were worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORCL. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the last quarter. Rockland Trust Co. grew its position in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares in the last quarter. Calamos Advisors LLC grew its holdings in shares of Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC boosted its position in shares of Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. acquired a new stake in Oracle in the fourth quarter valued at about $211,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 in the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Trading Up 0.2%

ORCL traded up $0.56 on Wednesday, hitting $250.54. 8,386,083 shares of the company were exchanged, compared to its average volume of 11,441,882. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $253.07. The stock has a market capitalization of $703.72 billion, a PE ratio of 57.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.39. The firm has a fifty day simple moving average of $209.84 and a two-hundred day simple moving average of $173.44.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the firm posted $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. Oracle's payout ratio is presently 46.08%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Bank of America upped their target price on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and increased their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Oracle 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.