GFG Capital LLC Has $2.55 Million Holdings in Oracle Corporation (NYSE:ORCL)

GFG Capital LLC cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,259 shares of the enterprise software provider's stock after selling 3,129 shares during the quarter. Oracle makes up 0.7% of GFG Capital LLC's portfolio, making the stock its 28th largest position. GFG Capital LLC's holdings in Oracle were worth $2,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Brighton Jones LLC increased its position in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC increased its position in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares during the period. Proficio Capital Partners LLC raised its stake in Oracle by 8.5% in the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after purchasing an additional 2,101 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Oracle in the 4th quarter valued at about $1,500,000. Finally, Moran Wealth Management LLC grew its position in shares of Oracle by 11.8% during the 4th quarter. Moran Wealth Management LLC now owns 12,351 shares of the enterprise software provider's stock worth $2,058,000 after purchasing an additional 1,304 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business'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 value of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 450,366 shares of company stock worth $85,433,503. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL traded up $1.97 during trading on Wednesday, reaching $236.47. 10,824,366 shares of the company's stock were exchanged, compared to its average volume of 10,235,001. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a 50 day moving average price of $181.86 and a 200 day moving average price of $165.14. The company has a market capitalization of $664.20 billion, a P/E ratio of 54.49, a PEG ratio of 3.48 and a beta of 1.39.

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 analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.63 earnings per share. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.85%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Royal Bank Of Canada raised their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. raised their price objective on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Bank of America raised their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

About Oracle

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.