Nadler Financial Group Inc. Sells 2,865 Shares of Oracle Corporation (NYSE:ORCL)

Nadler Financial Group Inc. reduced its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,004 shares of the enterprise software provider's stock after selling 2,865 shares during the period. Nadler Financial Group Inc.'s holdings in Oracle were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ORCL. Rockland Trust Co. raised its holdings in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after buying an additional 467 shares during the last quarter. Cornerstone Advisory LLC raised its position in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new position in Oracle during the 4th quarter worth $211,000. Secure Asset Management LLC boosted its position in Oracle by 21.8% in the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after buying an additional 2,365 shares during the last quarter. Finally, City National Bank of Florida MSD acquired a new stake in shares of Oracle in the 4th quarter valued at $274,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's 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 completion of the sale, the insider now owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were 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 now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 442,366 shares of company stock worth $83,395,223. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ORCL shares. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Evercore ISI restated a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. UBS Group set a $250.00 target price on shares of Oracle and gave the company a "buy" rating in a research note on Wednesday. KeyCorp boosted 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.67.

Oracle Trading Up 1.2%

NYSE ORCL opened at $213.28 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.93. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock's 50 day moving average price is $166.79 and its two-hundred day moving average price is $162.13. The stock has a market capitalization of $599.07 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. 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 company earned $1.63 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.94%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

About Oracle

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.

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