Roffman Miller Associates Inc. PA Cuts Stock Position in Oracle Corporation (NYSE:ORCL)

Roffman Miller Associates Inc. PA trimmed its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 22.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,097 shares of the enterprise software provider's stock after selling 11,968 shares during the period. Roffman Miller Associates Inc. PA's holdings in Oracle were worth $5,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Brighton Jones LLC grew its position in shares of 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 acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the period. Proficio Capital Partners LLC grew its stake in Oracle by 8.5% in the fourth quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock valued at $4,475,000 after purchasing an additional 2,101 shares in the last quarter. Inceptionr LLC bought a new stake in shares of Oracle during the 4th quarter worth about $422,000. Finally, Edgestream Partners L.P. acquired a new position in shares of Oracle during the 4th quarter worth about $1,500,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. UBS Group set a $250.00 target price on Oracle and gave the stock a "buy" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. increased their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. BMO Capital Markets raised their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, TD Cowen boosted their price objective on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $204.15.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

ORCL traded up $3.04 during mid-day trading on Tuesday, reaching $235.30. 6,851,048 shares of the company traded hands, compared to its average volume of 10,176,001. The stock has a market capitalization of $660.91 billion, a P/E ratio of 54.21, a P/E/G ratio of 3.55 and a beta of 1.39. 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 company's fifty day moving average price is $179.98 and its 200-day moving average price is $164.65. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $241.18.

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, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is 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.