Oracle Corporation (NYSE:ORCL) Shares Sold by LSV Asset Management

LSV Asset Management cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 46.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,496 shares of the enterprise software provider's stock after selling 367,172 shares during the period. LSV Asset Management's holdings in Oracle were worth $60,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and upped their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday, June 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Bank of America upped their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's 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 directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 431,169 shares of company stock worth $82,908,609. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock opened at $244.44 on Friday. 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 business has a 50 day moving average of $213.55 and a two-hundred day moving average of $174.85. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The company has a market cap of $686.59 billion, a P/E ratio of 56.32, a PEG ratio of 3.65 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. As a group, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio is 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.

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