Mission Wealth Management LP Sells 11,807 Shares of Oracle Co. (NYSE:ORCL)

Mission Wealth Management LP decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 17.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 54,290 shares of the enterprise software provider's stock after selling 11,807 shares during the period. Mission Wealth Management LP's holdings in Oracle were worth $7,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC acquired a new position in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the fourth quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Oracle during the fourth quarter worth $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was 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. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 in the last 90 days. 42.20% of the stock is owned by insiders.

Oracle Stock Down 2.0%

NYSE ORCL traded down $4.28 on Monday, reaching $210.94. The stock had a trading volume of 22,603,823 shares, compared to its average volume of 9,772,962. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1 year low of $118.86 and a 1 year high of $216.98. The business has a 50 day moving average price of $152.88 and a 200 day moving average price of $160.31. The company has a market capitalization of $589.98 billion, a price-to-earnings ratio of 51.57, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ORCL. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 price target on shares of Oracle in a report on Wednesday, June 11th. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday. Mizuho dropped their target price on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and increased their price target for the company from $200.00 to $235.00 in a report on Friday. Finally, Jefferies Financial Group raised their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.32.

Oracle 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.