Nwam LLC Reduces Holdings in Oracle Corporation (NYSE:ORCL)

Nwam LLC lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 37.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,718 shares of the enterprise software provider's stock after selling 5,145 shares during the quarter. Nwam LLC's holdings in Oracle were worth $1,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Diversify Advisory Services LLC grew its position in shares of Oracle by 7.0% in the first quarter. Diversify Advisory Services LLC now owns 14,057 shares of the enterprise software provider's stock valued at $1,979,000 after purchasing an additional 918 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Oracle by 71.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 687,000 shares of the enterprise software provider's stock valued at $96,049,000 after purchasing an additional 286,987 shares in the last quarter. Creekmur Asset Management LLC grew its position in shares of Oracle by 137.2% in the first quarter. Creekmur Asset Management LLC now owns 2,320 shares of the enterprise software provider's stock valued at $324,000 after purchasing an additional 1,342 shares in the last quarter. Alexander Labrunerie & CO. Inc. grew its position in shares of Oracle by 3.6% in the first quarter. Alexander Labrunerie & CO. Inc. now owns 2,253 shares of the enterprise software provider's stock valued at $315,000 after purchasing an additional 78 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new position in shares of Oracle in the first quarter valued at $618,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 1.4%

Shares of ORCL traded down $3.45 during mid-day trading on Friday, reaching $245.30. 9,671,806 shares of the company's stock traded hands, compared to its average volume of 10,370,432. The stock has a market cap of $689.01 billion, a P/E ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39. The stock's 50-day moving average is $196.21 and its two-hundred day moving average is $168.95. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. Research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle 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 completion of the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of Oracle 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 of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 over the last 90 days. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of several recent analyst reports. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. TD Cowen lifted their price target on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Bank of America lifted their price target on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $218.29.

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.