Monetta Financial Services Inc. Has $559,000 Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Monetta Financial Services Inc. has reduced its position in Oracle Corporation by 46.7%, now holding 4,000 shares valued at approximately $559,000.
• Oracle reported a quarterly earnings result with an EPS of $1.70, exceeding analysts' expectations, while revenue reached $15.90 billion, an 11.3% year-over-year increase.
• The firm announced a quarterly dividend of $0.50 per share, leading to an annualized yield of 0.8%.

Monetta Financial Services Inc. reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the enterprise software provider's stock after selling 3,500 shares during the quarter. Monetta Financial Services Inc.'s holdings in Oracle were worth $559,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORCL. Geometric Wealth Advisors acquired a new stake in shares of Oracle during the 1st quarter worth approximately $247,000. Charles Schwab Investment Management Inc. lifted its position in Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after purchasing an additional 94,236 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in Oracle during the first quarter worth $23,887,000. Cornerstone Advisors LLC increased its holdings in Oracle by 12.5% in the 1st quarter. Cornerstone Advisors LLC now owns 99,000 shares of the enterprise software provider's stock valued at $13,841,000 after buying an additional 11,000 shares during the period. Finally, Strategy Asset Managers LLC acquired a new position in shares of Oracle in the 1st quarter valued at $684,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were 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 directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,183 shares of company stock valued at $86,521,198. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. 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 note on Wednesday, July 2nd. UBS Group increased their target price on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine equities research 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $222.75.

Oracle Trading Down 2.7%

NYSE:ORCL traded down $7.05 on Thursday, hitting $249.38. 11,938,634 shares of the stock were exchanged, compared to its average volume of 10,333,115. 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 Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The stock has a market capitalization of $700.47 billion, a price-to-earnings ratio of 57.46, a P/E/G ratio of 3.83 and a beta of 1.43. The company's 50-day moving average price is $220.94 and its 200 day moving average price is $177.32.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle's dividend payout ratio is presently 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.