Dynasty Wealth Management LLC Sells 3,555 Shares of Oracle Corporation (NYSE:ORCL)

Dynasty Wealth Management LLC reduced its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 9.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,744 shares of the enterprise software provider's stock after selling 3,555 shares during the quarter. Dynasty Wealth Management LLC's holdings in Oracle were worth $4,718,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Greenwood Gearhart Inc. boosted its stake in shares of Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after acquiring an additional 66 shares during the last quarter. WorthPointe LLC boosted its stake in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares during the last quarter. Stage Harbor Financial LLC lifted its stake in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after buying an additional 70 shares during the period. Finally, Hurlow Wealth Management Group Inc. raised its position in shares of Oracle by 1.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after purchasing an additional 70 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on ORCL. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price objective (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Bank of America raised their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, DA Davidson lifted their price target on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $215.61.

Oracle Price Performance

NYSE ORCL traded up $7.76 during midday trading on Thursday, hitting $249.06. The company had a trading volume of 17,612,488 shares, compared to its average volume of 10,338,980. The company has a market capitalization of $699.56 billion, a PE ratio of 57.39, a P/E/G ratio of 3.61 and a beta of 1.39. 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 moving average price of $192.33 and a 200-day moving average price of $167.83. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.45.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the firm earned $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Transactions at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm'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 sale, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were 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. Over the last ninety days, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is currently owned by company insiders.

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.