GFG Capital LLC decreased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,259 shares of the enterprise software provider's stock after selling 3,129 shares during the period. Oracle comprises 0.7% of GFG Capital LLC's portfolio, making the stock its 28th largest holding. GFG Capital LLC's holdings in Oracle were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of 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 acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% during the 4th 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 last quarter. Proficio Capital Partners LLC boosted its stake in shares of Oracle by 8.5% during the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after acquiring an additional 2,101 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Oracle during the 4th quarter worth $1,500,000. Finally, Moran Wealth Management LLC boosted its stake 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 acquiring an additional 1,304 shares during the last quarter. Institutional investors own 42.44% of the company's stock.
Oracle Trading Up 0.5%
Shares of ORCL stock traded up $1.10 during trading hours on Thursday, reaching $236.41. 6,712,005 shares of the stock were exchanged, compared to its average volume of 10,205,676. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. 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 company's 50-day moving average price is $183.77 and its 200-day moving average price is $165.63. The firm has a market capitalization of $664.03 billion, a price-to-earnings ratio of 54.51, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39.
Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results 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 net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the company earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. Oracle's dividend payout ratio is presently 46.08%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on ORCL. Mizuho dropped their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. KeyCorp raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $209.33.
Check Out Our Latest Analysis on ORCL
Insider Activity
In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated 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 directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock worth $85,433,503 in the last 90 days. Company insiders own 42.20% of the company's stock.
Oracle Company Profile
(
Free Report)
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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