Resurgent Financial Advisors LLC Sells 3,487 Shares of Oracle Corporation (NYSE:ORCL)

Resurgent Financial Advisors LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 65.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,831 shares of the enterprise software provider's stock after selling 3,487 shares during the quarter. Resurgent Financial Advisors LLC's holdings in Oracle were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Magnetar Financial LLC purchased a new position in Oracle during the 4th quarter valued at about $394,000. Douglass Winthrop Advisors LLC grew its stake in Oracle by 20.0% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 7,750 shares of the enterprise software provider's stock valued at $1,291,000 after acquiring an additional 1,289 shares in the last quarter. Finally, DCF Advisers LLC grew its stake in Oracle by 25.9% during the 4th quarter. DCF Advisers LLC now owns 36,500 shares of the enterprise software provider's stock valued at $6,082,000 after acquiring an additional 7,500 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of ORCL traded down $3.45 on Friday, reaching $245.30. 9,671,806 shares of the stock traded hands, compared to its average volume of 10,370,432. The firm has a market cap of $689.01 billion, a price-to-earnings ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39. 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 Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The stock's 50-day moving average price is $196.21 and its 200-day moving average price is $168.95.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Bank of America lifted their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Morgan Stanley reissued an "overweight" 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 given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is owned by insiders.

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.