Oracle Corporation $ORCL Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co reduced its stake in Oracle Corporation by 0.3%, now holding 1,670,822 shares valued at approximately $233.6 million.
• Other institutional investors, including Vanguard Group and Northern Trust Corp, have recently increased their stakes in Oracle.
• Oracle declared a quarterly dividend of $0.50 per share, amounting to an annual yield of 0.8%, with a payout ratio of 46.08% as of the last filing.

Haverford Trust Co cut its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 0.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,670,822 shares of the enterprise software provider's stock after selling 4,861 shares during the period. Oracle comprises approximately 2.4% of Haverford Trust Co's holdings, making the stock its 9th largest position. Haverford Trust Co owned approximately 0.06% of Oracle worth $233,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Lockheed Martin Investment Management Co. grew its position in Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock valued at $7,179,000 after purchasing an additional 2,110 shares in the last quarter. Nuveen LLC purchased a new position in Oracle during the first quarter valued at approximately $732,692,000. Rockland Trust Co. lifted its stake in Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after acquiring an additional 467 shares during the last quarter. Finally, Calamos Advisors LLC lifted its stake in Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after acquiring an additional 10,426 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on ORCL shares. Evercore ISI lifted their target price on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Cowen reiterated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, BMO Capital Markets lifted their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $227.04.

Insider Activity

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company'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 directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction 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 transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE ORCL traded up $3.0070 during trading hours on Friday, hitting $236.1670. 9,333,223 shares of the stock were exchanged, compared to its average volume of 10,425,400. 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's 50 day moving average is $235.36 and its 200 day moving average is $182.94. The firm has a market capitalization of $663.35 billion, a P/E ratio of 54.42, a P/E/G ratio of 3.53 and a beta of 1.43. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS. On average, research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

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.