Integrated Advisors Network LLC Has $3.25 Million Holdings in Oracle Co. (NYSE:ORCL)

Integrated Advisors Network LLC cut its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 47.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,249 shares of the enterprise software provider's stock after selling 21,196 shares during the period. Integrated Advisors Network LLC's holdings in Oracle were worth $3,250,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cookson Peirce & Co. Inc. raised its position in Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the period. Warther Private Wealth LLC raised its position in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after buying an additional 63 shares during the period. Howard Bailey Securities LLC raised its position in Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after buying an additional 64 shares during the period. New England Capital Financial Advisors LLC raised its position in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after buying an additional 64 shares during the period. Finally, Cape ANN Savings Bank raised its position in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after buying an additional 65 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Oracle stock traded up $15.68 during trading hours on Friday, hitting $215.54. The stock had a trading volume of 53,639,099 shares, compared to its average volume of 9,727,788. The company has a 50-day moving average of $152.88 and a two-hundred day moving average of $160.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the firm posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ORCL shares. Deutsche Bank Aktiengesellschaft upped their price target on Oracle from $200.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday. Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Wall Street Zen downgraded Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Morgan Stanley restated a "positive" rating on shares of Oracle in a research note on Monday. Finally, DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $194.32.

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.