Oracle Corporation (NYSE:ORCL) Shares Sold by GFG Capital LLC

GFG Capital LLC lowered its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,259 shares of the enterprise software provider's stock after selling 3,129 shares during the quarter. Oracle comprises about 0.7% of GFG Capital LLC's holdings, making the stock its 28th largest position. GFG Capital LLC's holdings in Oracle were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC acquired a new position in Oracle during the fourth quarter valued at approximately $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $0.73 on Thursday, hitting $235.08. 11,470,190 shares of the stock traded hands, compared to its average volume of 10,239,208. 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 company has a market capitalization of $660.30 billion, a PE ratio of 54.17, a PEG ratio of 3.53 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.44. The company's fifty day moving average is $185.56 and its 200 day moving average is $166.09.

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

Oracle Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ORCL. Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. TD Cowen increased their target price on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Guggenheim upped their target price on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $209.33.

Insider Activity at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business'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 value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 450,366 shares of company stock valued at $85,433,503. Company insiders own 42.20% of the company's stock.

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.