Foundry Partners LLC Has $7.95 Million Position in Oracle Corporation (NYSE:ORCL)

Foundry Partners LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 56,847 shares of the enterprise software provider's stock after selling 3,191 shares during the period. Foundry Partners LLC's holdings in Oracle were worth $7,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC raised its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the 4th quarter worth about $30,000. Finally, Hurley Capital LLC purchased a new position in shares of Oracle in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were 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 owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was 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 valued at $85,555,309 in the last three months. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 1.4%

Shares of ORCL traded down $3.45 during midday trading on Friday, hitting $245.30. The stock had a trading volume of 9,671,806 shares, compared to its average volume of 10,370,432. The business has a 50-day simple moving average of $196.21 and a two-hundred day simple moving average of $168.95. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market cap of $689.01 billion, a P/E ratio of 56.52, a price-to-earnings-growth ratio of 3.67 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company posted $1.63 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. Mizuho dropped their target price on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Westpark Capital lifted their price objective 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. TD Cowen lifted their price objective on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $218.29.

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.