Brown Advisory Inc. Sells 7,763 Shares of Oracle Corporation (NYSE:ORCL)

Brown Advisory Inc. lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,946 shares of the enterprise software provider's stock after selling 7,763 shares during the quarter. Brown Advisory Inc.'s holdings in Oracle were worth $33,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ORCL. Consolidated Capital Management LLC bought a new stake in Oracle during the 1st quarter worth about $344,000. Interchange Capital Partners LLC boosted its stake in shares of Oracle by 4.4% in the 1st quarter. Interchange Capital Partners LLC now owns 7,152 shares of the enterprise software provider's stock valued at $1,000,000 after purchasing an additional 304 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Oracle by 0.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 242,478 shares of the enterprise software provider's stock valued at $33,901,000 after purchasing an additional 1,701 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Oracle by 10.4% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 77,241 shares of the enterprise software provider's stock valued at $10,799,000 after purchasing an additional 7,284 shares during the last quarter. Finally, Security National Bank of SO Dak boosted its stake in shares of Oracle by 1.0% in the 1st quarter. Security National Bank of SO Dak now owns 31,973 shares of the enterprise software provider's stock valued at $4,470,000 after purchasing an additional 311 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Royal Bank Of Canada boosted their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Finally, CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Oracle Stock Performance

Shares of ORCL traded down $0.73 during midday trading on Thursday, reaching $235.08. The stock had a trading volume of 11,470,190 shares, compared to its average volume of 10,223,656. 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 50 day simple moving average of $183.77 and a 200-day simple moving average of $165.63. The firm has a market cap of $660.30 billion, a PE ratio of 54.17, a P/E/G ratio of 3.51 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly 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. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 EPS. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.85%. Oracle's payout ratio is presently 46.08%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 450,366 shares of company stock valued at $85,433,503. 42.20% of the stock is currently owned by company insiders.

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.