Avior Wealth Management LLC Sells 6,630 Shares of Oracle Corporation (NYSE:ORCL)

Avior Wealth Management LLC decreased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,163 shares of the enterprise software provider's stock after selling 6,630 shares during the period. Avior Wealth Management LLC's holdings in Oracle were worth $7,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. ORG Partners LLC lifted its position in Oracle by 19.3% during the 1st quarter. ORG Partners LLC now owns 7,166 shares of the enterprise software provider's stock valued at $1,016,000 after purchasing an additional 1,161 shares during the period. Retirement Systems of Alabama increased its holdings in Oracle by 31.0% in the first quarter. Retirement Systems of Alabama now owns 1,094,225 shares of the enterprise software provider's stock valued at $152,984,000 after purchasing an additional 258,761 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in Oracle by 1.3% in the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 15,039 shares of the enterprise software provider's stock valued at $2,103,000 after buying an additional 190 shares during the period. Roberts Wealth Advisors LLC boosted its holdings in Oracle by 0.5% during the first quarter. Roberts Wealth Advisors LLC now owns 20,616 shares of the enterprise software provider's stock worth $2,882,000 after buying an additional 98 shares during the last quarter. Finally, DecisionMap Wealth Management LLC grew its position in shares of Oracle by 10.2% during the 1st quarter. DecisionMap Wealth Management LLC now owns 5,005 shares of the enterprise software provider's stock worth $700,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last three months. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ORCL shares. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday. Cantor Fitzgerald dropped their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. JMP Securities set a $240.00 price target on Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Stock Performance

NYSE ORCL traded down $5.82 during trading on Friday, reaching $205.06. 20,826,667 shares of the company's stock were exchanged, compared to its average volume of 9,857,232. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The business has a 50 day moving average price of $158.93 and a 200-day moving average price of $161.36. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. The stock has a market capitalization of $573.53 billion, a P/E ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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. The firm 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 company's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. Sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.98%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.