Oracle Corporation (NYSE:ORCL) Shares Sold by Mitchell Sinkler & Starr PA

Key Points

• Mitchell Sinkler & Starr PA reduced its stake in Oracle Corporation by 3.6%, lowering its ownership to 54,393 shares valued at $7,605,000.
• Several analysts increased their price targets for Oracle, with Bank of America raising its target from $156.00 to $220.00, and Deutsche Bank setting a target of $240.00.
• Oracle's latest earnings report revealed an EPS of $1.70, surpassing estimates, and a quarterly revenue of $15.90 billion, reflecting an 11.3% year-over-year growth.

Mitchell Sinkler & Starr PA lowered its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,393 shares of the enterprise software provider's stock after selling 2,056 shares during the quarter. Oracle accounts for about 2.1% of Mitchell Sinkler & Starr PA's investment portfolio, making the stock its 15th biggest holding. Mitchell Sinkler & Starr PA's holdings in Oracle were worth $7,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter worth about $30,000. Hurley Capital LLC bought a new position in Oracle during the fourth quarter valued at approximately $33,000. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle during the first quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 448,669 shares of company stock worth $85,555,309. Insiders own 42.20% of the company's stock.

Oracle Trading Up 0.9%

ORCL traded up $2.22 during trading on Friday, hitting $245.05. 7,146,126 shares of the stock were exchanged, compared to its average volume of 13,123,598. The firm has a 50 day simple moving average of $204.42 and a 200 day simple moving average of $171.71. The firm has a market cap of $688.31 billion, a price-to-earnings ratio of 56.46, a P/E/G ratio of 3.66 and a beta of 1.39. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company 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. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Bank of America upped their price objective on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. BMO Capital Markets upped their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group upped their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average target price of $218.29.

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.