Oracle Co. (NYSE:ORCL) Stock Position Cut by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. trimmed its position in Oracle Co. (NYSE:ORCL - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,769 shares of the enterprise software provider's stock after selling 3,022 shares during the quarter. Oracle comprises approximately 3.2% of Capital Investment Services of America Inc.'s holdings, making the stock its 6th biggest position. Capital Investment Services of America Inc.'s holdings in Oracle were worth $31,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Rockland Trust Co. increased its stake in shares of Oracle by 4.8% during 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 period. Cornerstone Advisory LLC boosted its holdings in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. acquired a new stake in Oracle during the 4th quarter valued at approximately $211,000. Secure Asset Management LLC boosted its holdings in Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after purchasing an additional 2,365 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Oracle during the fourth quarter worth about $51,084,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Morgan Stanley restated a "positive" rating on shares of Oracle in a report on Monday, June 9th. Barclays upped their price objective on Oracle from $202.00 to $221.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler reiterated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a report on Wednesday. Finally, Cantor Fitzgerald decreased their price target on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $194.32.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock worth $80,183,723 in the last quarter. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of ORCL traded up $15.68 during mid-day trading on Friday, reaching $215.54. The company had a trading volume of 53,639,099 shares, compared to its average volume of 9,727,788. The company's 50 day simple moving average is $152.88 and its 200 day simple moving average is $160.62. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $602.86 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. 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 posted $1.63 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. 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.