Oracle Corporation (NYSE:ORCL) Shares Sold by Choreo LLC

Choreo LLC cut its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,264 shares of the enterprise software provider's stock after selling 15,405 shares during the quarter. Choreo LLC's holdings in Oracle were worth $11,921,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC purchased a new stake in Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC purchased a new stake in Oracle during the fourth quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the first quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,669 shares of company stock worth $85,555,309. Insiders own 42.20% of the company's stock.

Oracle Price Performance

NYSE ORCL traded down $5.29 on Tuesday, reaching $238.25. 3,599,341 shares of the stock traded hands, compared to its average volume of 10,333,590. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $669.21 billion, a price-to-earnings ratio of 54.82, a P/E/G ratio of 3.66 and a beta of 1.39. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The firm's fifty day simple moving average is $196.21 and its 200 day simple moving average is $168.97.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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. The business had revenue of $15.90 billion during 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%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. As a group, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. Oracle's dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORCL shares. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. TD Cowen boosted their price objective on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday. DA Davidson boosted their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and boosted their price target for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

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.

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