First Horizon Advisors Inc. Reduces Stock Position in Oracle Corporation (NYSE:ORCL)

First Horizon Advisors Inc. cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,236 shares of the enterprise software provider's stock after selling 2,056 shares during the period. First Horizon Advisors Inc.'s holdings in Oracle were worth $4,227,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ORCL. Rockland Trust Co. grew its position in 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 during the period. Cornerstone Advisory LLC boosted its stake in shares of Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after buying an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new stake in Oracle during the fourth quarter worth about $211,000. Secure Asset Management LLC raised its position in Oracle by 21.8% during the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after acquiring an additional 2,365 shares in the last quarter. Finally, City National Bank of Florida MSD acquired a new position in Oracle in the fourth quarter valued at approximately $274,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group set a $250.00 price objective on shares of Oracle and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Citigroup reissued an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. KeyCorp lifted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. Finally, DA Davidson lifted their price target on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Ten 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. According to data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $204.15.

Oracle Stock Performance

NYSE:ORCL opened at $237.39 on Friday. The company has a market cap of $666.79 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.44 and a beta of 1.39. The company's 50-day moving average price is $176.16 and its 200-day moving average price is $163.79. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $237.99. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

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 (EPS) 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. Oracle's dividend payout ratio is presently 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.

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