Means Investment CO. Inc. Has $4.75 Million Holdings in Oracle Corporation (NYSE:ORCL)

Means Investment CO. Inc. lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,002 shares of the enterprise software provider's stock after selling 1,213 shares during the quarter. Means Investment CO. Inc.'s holdings in Oracle were worth $4,754,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ORCL. Capital & Planning LLC lifted its position in shares of Oracle by 0.5% in the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC increased its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Oracle in the 4th quarter worth approximately $51,084,000. Revolve Wealth Partners LLC lifted its position in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of Oracle by 4.3% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,689 shares of the enterprise software provider's stock valued at $781,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ORCL shares. Stephens assumed coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. Westpark Capital upped their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Barclays reissued an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Eleven investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $196.74.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock worth $80,183,723 in the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE ORCL traded down $5.82 during trading hours on Friday, hitting $205.06. 20,826,667 shares of the company's stock were exchanged, compared to its average volume of 9,857,221. The stock has a market capitalization of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32. The company's 50-day moving average price is $158.93 and its 200-day moving average price is $161.36. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 earnings per share. On average, sell-side analysts expect 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 will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.