Opal Wealth Advisors LLC Sells 1,161 Shares of Oracle Co. (NYSE:ORCL)

Opal Wealth Advisors LLC decreased its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,473 shares of the enterprise software provider's stock after selling 1,161 shares during the quarter. Opal Wealth Advisors LLC's holdings in Oracle were worth $486,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on 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 transaction, the insider now owns 1,097,576 shares of the company's stock, 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. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 over the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 7.8%

Shares of NYSE ORCL traded up $15.68 during midday trading on Friday, hitting $215.54. 53,639,099 shares of the company traded hands, compared to its average volume of 9,721,350. Oracle Co. has a 12-month low of $118.86 and a 12-month 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 stock has a 50-day moving average price of $152.88 and a 200 day moving average price of $160.46. The firm has a market cap of $602.86 billion, a P/E 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 announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $200.00 to $235.00 in a research report on Friday. Piper Sandler restated a "neutral" rating and set a $130.00 price target on shares of Oracle in a research note on Wednesday. Westpark Capital raised their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America raised their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $194.32.

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.