Laffer Tengler Investments Inc. Sells 5,016 Shares of Oracle Corporation $ORCL

Key Points

• Laffer Tengler Investments Inc. reduced its holdings in Oracle Corporation by 7.2%, selling 5,016 shares and now owns 64,734 shares, valued at approximately $9,051,000.
• Oracle recently announced a quarterly dividend of $0.50 per share, yielding 0.9%, with a payout ratio of 46.08%.
• Wall Street analysts are bullish on Oracle, with upgrades leading to a price target increase, with several firms setting targets as high as $250.00.

Laffer Tengler Investments Inc. lessened its position in Oracle Corporation (NYSE:ORCL - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 64,734 shares of the enterprise software provider's stock after selling 5,016 shares during the quarter. Oracle makes up about 1.9% of Laffer Tengler Investments Inc.'s portfolio, making the stock its 13th biggest position. Laffer Tengler Investments Inc.'s holdings in Oracle were worth $9,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ORCL. Mccarter Private Wealth Services LLC raised its holdings in shares of Oracle by 15.7% in the first quarter. Mccarter Private Wealth Services LLC now owns 4,235 shares of the enterprise software provider's stock valued at $592,000 after purchasing an additional 575 shares during the last quarter. Compound Planning Inc. boosted its holdings in Oracle by 5.0% during the first quarter. Compound Planning Inc. now owns 17,751 shares of the enterprise software provider's stock worth $2,482,000 after purchasing an additional 848 shares during the last quarter. Monetary Management Group Inc. grew its position in Oracle by 9.3% in the first quarter. Monetary Management Group Inc. now owns 24,355 shares of the enterprise software provider's stock valued at $3,405,000 after purchasing an additional 2,070 shares in the last quarter. Barnes Wealth Management Group Inc increased its stake in Oracle by 4.5% in the 1st quarter. Barnes Wealth Management Group Inc now owns 2,069 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 90 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in Oracle by 15.5% during the 1st quarter. Norinchukin Bank The now owns 81,020 shares of the enterprise software provider's stock worth $11,327,000 after buying an additional 10,864 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ORCL. BMO Capital Markets raised their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Guggenheim boosted their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Finally, Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $227.04.

Oracle Price Performance

Oracle stock opened at $233.0010 on Friday. The company has a market capitalization of $654.46 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 3.51 and a beta of 1.43. The stock's 50 day moving average is $234.95 and its 200-day moving average is $182.32. The company has a current ratio of 0.75, a quick 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 $260.87.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 EPS. Equities 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. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

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.

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