Narus Financial Partners LLC Sells 2,471 Shares of Oracle Corporation (NYSE:ORCL)

Narus Financial Partners LLC lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 25.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,073 shares of the enterprise software provider's stock after selling 2,471 shares during the quarter. Narus Financial Partners LLC's holdings in Oracle were worth $989,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ORCL. Norges Bank bought a new stake in shares of Oracle during the 4th quarter valued at $2,216,314,000. GAMMA Investing LLC raised its stake in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after purchasing an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Vanguard Group Inc. raised its stake in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after purchasing an additional 2,242,520 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, 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 transaction of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm'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 sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock worth $85,433,503 in the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL stock opened at $236.47 on Thursday. The company has a market cap of $664.20 billion, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's fifty day moving average price is $183.77 and its 200-day moving average price is $165.63.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 87.34% and a net margin of 21.68%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. UBS Group set a $250.00 target price on Oracle and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $209.33.

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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