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

Hara Capital LLC reduced its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 64.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,580 shares of the enterprise software provider's stock after selling 2,845 shares during the period. Hara Capital LLC's holdings in Oracle were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the period. Rockland Trust Co. raised its stake in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after acquiring an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC raised its stake in shares of Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. bought a new position in shares of Oracle during the 4th quarter worth approximately $211,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 0.3%

ORCL stock traded down $0.73 during mid-day trading on Thursday, hitting $235.08. 11,470,190 shares of the company were exchanged, compared to its average volume of 10,239,208. 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 firm has a market capitalization of $660.30 billion, a P/E ratio of 54.17, a PEG ratio of 3.53 and a beta of 1.39. The business has a fifty day simple moving average of $183.77 and a 200-day simple moving average of $165.63. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. 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 payout ratio is 46.08%.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 450,366 shares of company stock valued at $85,433,503 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ORCL. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.33.

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.