McGlone Suttner Wealth Management Inc. Has $509,000 Holdings in Oracle Corporation (NYSE:ORCL)

McGlone Suttner Wealth Management Inc. trimmed its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 23.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,638 shares of the enterprise software provider's stock after selling 1,127 shares during the period. McGlone Suttner Wealth Management Inc.'s holdings in Oracle were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after purchasing an additional 107,404 shares in the last quarter. Rockland Trust Co. lifted its holdings in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Calamos Advisors LLC lifted its stake in shares of Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after purchasing an additional 10,426 shares during the period. Cornerstone Advisory LLC raised its stake in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. purchased a new position in shares of Oracle in the 4th quarter worth $211,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORCL shares. Bank of America raised their target price on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Oracle in a report on Thursday, June 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Cantor Fitzgerald lowered their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Westpark Capital increased their price objective on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $204.15.

Oracle Trading Up 1.0%

Oracle stock traded up $2.36 during midday trading on Tuesday, reaching $234.62. The stock had a trading volume of 20,331,415 shares, compared to its average volume of 10,232,483. The firm has a market cap of $659.01 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 3.48 and a beta of 1.39. The firm's fifty day simple moving average is $179.98 and its two-hundred day simple moving average is $164.65. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.18.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Oracle's payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock worth $85,433,503 over the last quarter. Insiders own 42.20% of the company's stock.

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.