Moody Lynn & Lieberson LLC Sells 1,683 Shares of Oracle Corporation (NYSE:ORCL)

Moody Lynn & Lieberson LLC lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,569 shares of the enterprise software provider's stock after selling 1,683 shares during the period. Moody Lynn & Lieberson LLC's holdings in Oracle were worth $3,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC increased its position in shares of Oracle by 1.1% during the 1st quarter. Aaron Wealth Advisors LLC now owns 16,511 shares of the enterprise software provider's stock worth $2,308,000 after purchasing an additional 176 shares in the last quarter. FSM Wealth Advisors LLC grew its stake in Oracle by 5.4% during the first quarter. FSM Wealth Advisors LLC now owns 8,213 shares of the enterprise software provider's stock worth $1,148,000 after buying an additional 421 shares during the last quarter. NovaPoint Capital LLC increased its holdings in shares of Oracle by 4.7% during the first quarter. NovaPoint Capital LLC now owns 29,107 shares of the enterprise software provider's stock worth $4,069,000 after buying an additional 1,304 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter worth approximately $27,000. Finally, Arbor Trust Wealth Advisors LLC raised its stake in shares of Oracle by 3.7% in the first quarter. Arbor Trust Wealth Advisors LLC now owns 17,770 shares of the enterprise software provider's stock valued at $2,484,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Up 3.2%

Shares of NYSE ORCL traded up $7.41 during mid-day trading on Friday, reaching $237.39. 18,441,376 shares of the company's stock were exchanged, compared to its average volume of 10,140,491. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a fifty day simple moving average of $176.16 and a 200 day simple moving average of $163.79. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $237.99. The firm has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.44 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last announced its 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 firm had revenue of $15.90 billion for 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 business's quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. As a group, equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid 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 payout ratio is presently 46.08%.

Insider Transactions at Oracle

In other 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 sale, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 440,366 shares of company stock worth $83,103,603 in the last 90 days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. BMO Capital Markets upped their price target on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $204.15.

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.