Oracle Corporation (NYSE:ORCL) Shares Sold by Financial Partners Group LLC

Financial Partners Group LLC decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 29.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,531 shares of the enterprise software provider's stock after selling 2,310 shares during the quarter. Financial Partners Group LLC's holdings in Oracle were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 1.5%

Shares of NYSE:ORCL opened at $207.85 on Wednesday. The company has a 50 day moving average of $155.97 and a 200-day moving average of $160.82. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The firm has a market cap of $581.34 billion, a P/E ratio of 47.89, a P/E/G ratio of 3.13 and a beta of 1.32. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Stifel Nicolaus lifted their price target on shares of Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Guggenheim reissued a "buy" rating and issued a $220.00 target price on shares of Oracle in a research report on Thursday, June 12th. Finally, BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $194.32.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on 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 completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value 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. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 427,366 shares of company stock valued at $80,183,723. Company insiders own 42.20% of the company's stock.

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.

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