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Oracle Corporation (NYSE:ORCL) Position Cut by Bank Hapoalim BM

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Bank Hapoalim BM lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,772 shares of the enterprise software provider's stock after selling 3,183 shares during the period. Bank Hapoalim BM's holdings in Oracle were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ORCL shares. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Westpark Capital lifted their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. DA Davidson lifted their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Citigroup reissued an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $204.15.

Get Our Latest Stock Report on ORCL

Insider Activity

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 450,366 shares of company stock valued at $85,433,503 over the last three months. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.8%

Shares of NYSE:ORCL traded up $1.97 during trading on Wednesday, hitting $236.47. The company's stock had a trading volume of 10,824,366 shares, compared to its average volume of 10,218,608. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44. The stock's 50-day moving average price is $181.86 and its two-hundred day moving average price is $165.14. The company has a market capitalization of $664.20 billion, a PE ratio of 54.49, a PEG ratio of 3.51 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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