Oracle Corporation (NYSE:ORCL) is Minneapolis Portfolio Management Group LLC's 9th Largest Position

Minneapolis Portfolio Management Group LLC lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,430 shares of the enterprise software provider's stock after selling 1,614 shares during the quarter. Oracle makes up approximately 4.1% of Minneapolis Portfolio Management Group LLC's portfolio, making the stock its 9th biggest position. Minneapolis Portfolio Management Group LLC's holdings in Oracle were worth $29,700,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and raised their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Finally, Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $204.15.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company'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 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. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated 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 transaction, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 440,366 shares of company stock valued at $83,103,603. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE ORCL traded up $7.41 during trading on Friday, reaching $237.39. 18,441,376 shares of the company traded hands, compared to its average volume of 10,159,668. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a 50 day simple moving average of $178.14 and a 200-day simple moving average of $164.25. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $237.99. The stock has a market capitalization of $666.79 billion, a PE ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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 business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced 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 0.84%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 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.