Greenwood Gearhart Inc. Sells 2,869 Shares of Oracle Corporation (NYSE:ORCL)

Greenwood Gearhart Inc. lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 50.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,862 shares of the enterprise software provider's stock after selling 2,869 shares during the period. Greenwood Gearhart Inc.'s holdings in Oracle were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at approximately $30,000. Finally, Hurley Capital LLC bought a new position in Oracle in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 0.3%

Shares of Oracle stock traded up $0.74 during trading hours on Thursday, reaching $242.64. The company's stock had a trading volume of 6,315,770 shares, compared to its average volume of 12,195,201. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The company has a market capitalization of $681.53 billion, a P/E ratio of 55.91, a P/E/G ratio of 3.55 and a beta of 1.39. The stock's fifty day simple moving average is $201.05 and its two-hundred day simple moving average is $170.49. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 analyst estimates of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's 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 transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 448,669 shares of company stock valued at $85,555,309. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ORCL shares. Westpark Capital upped their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Scotiabank started coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target for the company. KeyCorp upped their price target 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. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, TD Cowen upped their price target on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $218.29.

Oracle 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.