Oracle Corporation (NYSE:ORCL) Shares Sold by Fullcircle Wealth LLC

Fullcircle Wealth LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,347 shares of the enterprise software provider's stock after selling 1,361 shares during the quarter. Fullcircle Wealth LLC's holdings in Oracle were worth $1,590,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Oracle in the 4th quarter valued at $2,216,314,000. GAMMA Investing LLC grew its stake in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after acquiring an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Vanguard Group Inc. grew its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after acquiring an additional 2,242,520 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ORCL. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. TD Cowen raised their price objective on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. JPMorgan Chase & Co. raised their price objective on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, UBS Group set a $250.00 price objective on Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $204.15.

Oracle Trading Down 2.1%

ORCL traded down $5.02 on Monday, hitting $232.30. The company had a trading volume of 16,061,923 shares, compared to its average volume of 10,185,331. The firm has a market cap of $652.49 billion, a P/E ratio of 53.53, a PEG ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $237.99. The company's fifty day moving average price is $178.14 and its 200 day moving average price is $164.22. 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 issued 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. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value 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. The trade was a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated 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 of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is owned by insiders.

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.