Obermeyer Wealth Partners Sells 154,218 Shares of Oracle Corporation (NYSE:ORCL)

Obermeyer Wealth Partners decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 93.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,824 shares of the enterprise software provider's stock after selling 154,218 shares during the quarter. Obermeyer Wealth Partners' holdings in Oracle were worth $1,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Greenwood Gearhart Inc. lifted its stake in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares during the last quarter. WorthPointe LLC lifted its stake in Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares during the last quarter. Stage Harbor Financial LLC lifted its stake in Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after buying an additional 68 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Oracle by 0.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after buying an additional 70 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. lifted its stake in Oracle by 1.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Up 0.4%

ORCL traded up $0.86 during trading on Thursday, reaching $242.76. The company had a trading volume of 5,576,970 shares, compared to its average volume of 12,189,772. The firm's 50-day simple moving average is $201.05 and its 200 day simple moving average is $170.49. The company has a market cap of $681.88 billion, a price-to-earnings ratio of 55.83, a PEG ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $251.60. 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 (NYSE:ORCL - Get Free Report) last released its earnings results 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. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $1.63 earnings per share. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.82%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated 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 transaction, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 448,669 shares of company stock worth $85,555,309. Company insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. DA Davidson raised their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Cowen reiterated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Evercore ISI raised their price target on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Westpark Capital raised their price target on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $218.29.

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.