Huntleigh Advisors Inc. Has $5.54 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Huntleigh Advisors Inc. trimmed its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 37.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,649 shares of the enterprise software provider's stock after selling 23,939 shares during the quarter. Oracle comprises about 1.1% of Huntleigh Advisors Inc.'s investment portfolio, making the stock its 18th largest holding. Huntleigh Advisors Inc.'s holdings in Oracle were worth $5,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ORCL. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares in the last quarter. Greenwood Gearhart Inc. increased its stake in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the period. WorthPointe LLC boosted its position in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares during the last quarter. Stage Harbor Financial LLC lifted its stake in shares of Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. increased its holdings in Oracle by 5.5% during the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock worth $226,000 after purchasing an additional 70 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of ORCL traded up $7.41 during midday trading on Friday, reaching $237.39. The stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The firm's 50 day moving average price is $176.16 and its 200-day moving average price is $163.79. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99. The company has a market capitalization of $666.79 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for 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 revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. Oracle's payout ratio is presently 46.08%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. DA Davidson increased their target price on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Piper Sandler restated a "neutral" rating and issued a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Finally, Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $250.00 in a research report on Monday. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% 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, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock valued at $83,103,603 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

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.