Oracle Corporation (NYSE:ORCL) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,772 shares of the enterprise software provider's stock after selling 3,183 shares during the quarter. Bank Hapoalim BM's holdings in Oracle were worth $1,226,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 0.3%

Shares of NYSE:ORCL traded up $0.72 during midday trading on Thursday, reaching $236.03. The company's stock had a trading volume of 9,083,826 shares, compared to its average volume of 10,215,123. The firm has a market cap of $662.96 billion, a price-to-earnings ratio of 54.36, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The business has a 50 day moving average price of $183.77 and a 200 day moving average price of $165.63.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 450,366 shares of company stock valued at $85,433,503 in the last ninety days. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and increased their price objective for the company from $180.00 to $250.00 in a report on Monday, June 30th. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, UBS Group set a $250.00 target price on Oracle and gave the company a "buy" rating in a research report on Wednesday, June 25th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $209.33.

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.