Gerber LLC Reduces Position in Oracle Corporation (NYSE:ORCL)

Gerber LLC decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 21.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,711 shares of the enterprise software provider's stock after selling 1,520 shares during the period. Oracle accounts for about 0.7% of Gerber LLC's holdings, making the stock its 27th largest holding. Gerber LLC's holdings in Oracle were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Cookson Peirce & Co. Inc. lifted its holdings in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares during the period. Cape ANN Savings Bank increased its holdings in shares of Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after purchasing an additional 65 shares in the last quarter. Greenwood Gearhart Inc. lifted its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the period. WorthPointe LLC boosted its holdings in Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares in the last quarter. Finally, CORDA Investment Management LLC. grew its position in Oracle by 0.9% during the fourth quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock valued at $1,328,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 1.2%

Shares of ORCL opened at $210.16 on Friday. The company's 50-day moving average price is $168.42 and its 200 day moving average price is $162.36. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $216.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market cap of $590.31 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ORCL shares. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. KeyCorp increased their price target on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Royal Bank Of Canada increased their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Finally, Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $197.67.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock worth $83,395,223 over the last ninety days. Company insiders own 42.20% of the company's stock.

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.