Integrated Investment Consultants LLC Sells 1,059 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Integrated Investment Consultants LLC reduced its stake in Oracle Corporation by 16.8%, selling 1,059 shares and now holding 5,239 shares valued at $732,000.
• Several hedge funds have increased their positions in Oracle, with the company currently having 42.44% of its stock held by institutional investors.
• Analyst ratings for Oracle are positive, with nine analysts recommending a hold and twenty-three advising a buy, while the company's target price averages around $218.29.

Integrated Investment Consultants LLC trimmed its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 16.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,239 shares of the enterprise software provider's stock after selling 1,059 shares during the quarter. Integrated Investment Consultants LLC's holdings in Oracle were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Greenwood Gearhart Inc. grew its stake in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares during the period. Stage Harbor Financial LLC grew its stake in Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares during the period. Hurlow Wealth Management Group Inc. grew its stake in Oracle by 1.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after purchasing an additional 70 shares during the period. Flynn Zito Capital Management LLC grew its stake in Oracle by 1.7% during the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after purchasing an additional 71 shares during the period. Finally, Private Wealth Management Group LLC grew its stake in Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after acquiring an additional 72 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORCL shares. JMP Securities raised their target price on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a report on Friday, July 18th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. BMO Capital Markets boosted their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $218.29.

Insider Buying and Selling at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 448,669 shares of company stock worth $85,555,309. Insiders own 42.20% of the company's stock.

Oracle Stock Up 0.9%

ORCL stock opened at $245.05 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The business's 50 day moving average price is $204.42 and its two-hundred day moving average price is $171.59. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $688.31 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. Oracle's payout ratio is currently 46.08%.

About Oracle

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.

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