Envestnet Portfolio Solutions Inc. Sells 27,207 Shares of Oracle Corporation (NYSE:ORCL)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,826 shares of the enterprise software provider's stock after selling 27,207 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Oracle were worth $15,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rockland Trust Co. grew its holdings in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after acquiring an additional 467 shares in the last quarter. Cornerstone Advisory LLC boosted its position in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. bought a new position in Oracle in the 4th quarter valued at $211,000. Secure Asset Management LLC increased its position in shares of Oracle by 21.8% during the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after purchasing an additional 2,365 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Oracle in the fourth quarter worth about $51,084,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 in the last ninety days. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research report on Wednesday. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Guggenheim raised their target price on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $196.74.

Oracle Price Performance

NYSE ORCL traded down $5.82 on Friday, reaching $205.06. 20,826,667 shares of the company's stock traded hands, compared to its average volume of 9,857,221. The stock has a market cap of $573.53 billion, a PE ratio of 47.25, a P/E/G ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60. The stock has a 50-day simple moving average of $158.93 and a 200 day simple moving average of $161.36. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02.

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

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.