NORTHSTAR ASSET MANAGEMENT Co LLC Has $606,000 Stake in Oracle Corporation (NYSE:ORCL)

NORTHSTAR ASSET MANAGEMENT Co LLC reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,333 shares of the enterprise software provider's stock after selling 1,325 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC's holdings in Oracle were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Whelan Financial raised its holdings in Oracle by 21.3% in the 1st quarter. Whelan Financial now owns 2,258 shares of the enterprise software provider's stock valued at $316,000 after acquiring an additional 397 shares during the last quarter. Burke & Herbert Bank & Trust Co. increased its position in shares of Oracle by 5.2% during the first quarter. Burke & Herbert Bank & Trust Co. now owns 8,225 shares of the enterprise software provider's stock valued at $1,150,000 after acquiring an additional 406 shares during the last quarter. Sharp Financial Services LLC acquired a new stake in shares of Oracle in the first quarter valued at $204,000. Novare Capital Management LLC grew its position in Oracle by 5.0% in the 1st quarter. Novare Capital Management LLC now owns 5,120 shares of the enterprise software provider's stock valued at $716,000 after acquiring an additional 245 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its stake in Oracle by 0.8% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 87,202 shares of the enterprise software provider's stock worth $12,192,000 after purchasing an additional 723 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. This 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 through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated 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 directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. KeyCorp upped their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Roth Capital restated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

Oracle Stock Down 2.1%

Oracle stock traded down $5.02 during mid-day trading on Monday, hitting $232.30. The company's stock had a trading volume of 16,061,923 shares, compared to its average volume of 10,185,362. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $237.99. 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 company has a market cap of $652.49 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The firm's 50 day moving average is $178.14 and its 200 day moving average is $164.22.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 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 analyst estimates of $15.58 billion. During the same period last year, the company earned $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Oracle's payout ratio is 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.