Freedom Investment Management Inc. Sells 1,147 Shares of Oracle Corporation $ORCL

Key Points

• Freedom Investment Management Inc. has reduced its holdings in Oracle Corporation by 11.3%, owning 9,003 shares after selling 1,147 shares in the first quarter, with a total value of $1,259,000.
• Several analysts have raised their price targets for Oracle, with Mizuho setting a new target at $300.00, while the stock currently has a consensus price target of $227.04.
• Oracle recently announced a quarterly dividend of $0.50, representing an annualized dividend of $2.00 and a dividend yield of 0.8%.

Freedom Investment Management Inc. cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,003 shares of the enterprise software provider's stock after selling 1,147 shares during the period. Freedom Investment Management Inc.'s holdings in Oracle were worth $1,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC boosted its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ORCL shares. Mizuho raised their price target on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Guggenheim raised their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, Scotiabank started coverage on shares of Oracle in a report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Insiders Place Their Bets

In other Oracle news, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 1.3%

Shares of Oracle stock opened at $236.1670 on Monday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a fifty day moving average price of $235.36 and a 200 day moving average price of $182.94. The stock has a market cap of $663.35 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio (DPR) is 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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