Madison Park Capital Advisors LLC Sells 4,032 Shares of Oracle Corporation (NYSE:ORCL)

Madison Park Capital Advisors LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 73.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,450 shares of the enterprise software provider's stock after selling 4,032 shares during the quarter. Madison Park Capital Advisors LLC's holdings in Oracle were worth $203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC boosted its stake in shares of Oracle by 33.4% during the first quarter. Jaffetilchin Investment Partners LLC now owns 2,458 shares of the enterprise software provider's stock valued at $344,000 after purchasing an additional 615 shares in the last quarter. Border to Coast Pensions Partnership Ltd raised its stake in Oracle by 0.5% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 461,619 shares of the enterprise software provider's stock worth $64,539,000 after buying an additional 2,470 shares during the last quarter. Legacy CG LLC raised its position in shares of Oracle by 4.1% in the 1st quarter. Legacy CG LLC now owns 42,163 shares of the enterprise software provider's stock worth $5,895,000 after acquiring an additional 1,657 shares in the last quarter. Canvas Wealth Advisors LLC increased its holdings in Oracle by 42.0% in the first quarter. Canvas Wealth Advisors LLC now owns 5,808 shares of the enterprise software provider's stock worth $739,000 after purchasing an additional 1,718 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of Oracle by 30.8% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 57,386 shares of the enterprise software provider's stock valued at $8,023,000 after acquiring an additional 13,521 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Oracle stock opened at $213.28 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.93. The stock's 50 day moving average is $166.79 and its 200 day moving average is $162.13. The company has a market capitalization of $599.07 billion, a P/E ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32. 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 (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $1.63 EPS. The company's revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred 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 now owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America upped their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and raised their target price for the company from $200.00 to $235.00 in a research report on Friday, June 13th. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Stifel Nicolaus boosted their price objective on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

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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