Journey Strategic Wealth LLC Sells 1,268 Shares of Oracle Corporation (NYSE:ORCL)

Journey Strategic Wealth LLC lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,069 shares of the enterprise software provider's stock after selling 1,268 shares during the quarter. Journey Strategic Wealth LLC's holdings in Oracle were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ORCL. Norges Bank bought a new stake in Oracle during the fourth quarter worth approximately $2,216,314,000. GAMMA Investing LLC raised its holdings in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on ORCL. DA Davidson boosted 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. Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Bank of America lifted their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a research report on Tuesday, June 10th. Finally, Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned 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 target price of $218.29.

Oracle Stock Up 0.3%

Shares of Oracle stock traded up $0.74 on Thursday, hitting $242.64. 8,229,157 shares of the company traded hands, compared to its average volume of 13,587,158. The company has a 50-day moving average price of $202.72 and a 200 day moving average price of $171.02. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $251.60. The company has a market cap of $681.53 billion, a PE ratio of 55.91, a PEG ratio of 3.61 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 in the previous year, the business earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 0.82%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the transaction, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 448,669 shares of company stock worth $85,555,309 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

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.