SeaBridge Investment Advisors LLC Has $5.49 Million Holdings in Oracle Corporation (NYSE:ORCL)

SeaBridge Investment Advisors LLC decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 12.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,262 shares of the enterprise software provider's stock after selling 5,603 shares during the period. Oracle makes up 1.2% of SeaBridge Investment Advisors LLC's holdings, making the stock its 22nd largest position. SeaBridge Investment Advisors LLC's holdings in Oracle were worth $5,489,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC raised its stake in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC increased 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 purchasing an additional 404 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Oracle by 8.5% during the fourth quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after acquiring an additional 2,101 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Oracle by 3.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,753 shares of the enterprise software provider's stock valued at $959,000 after acquiring an additional 189 shares in the last quarter. Finally, Flagship Wealth Advisors LLC purchased a new position in Oracle in the fourth quarter valued at about $99,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and upped their price target for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. UBS Group set a $250.00 price target on shares of Oracle and gave the company a "buy" rating in a research report on Wednesday, June 25th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Citigroup reiterated an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $211.37.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by insiders.

Oracle Stock Up 2.7%

Oracle stock traded up $6.29 during mid-day trading on Wednesday, reaching $241.25. 12,555,899 shares of the company were exchanged, compared to its average volume of 10,304,773. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $242.03. The firm has a market cap of $677.64 billion, a P/E ratio of 55.59, a PEG ratio of 3.51 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The business has a fifty day moving average of $190.49 and a 200 day moving average of $167.32.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company earned $1.63 earnings per share. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.83%. Oracle's dividend payout ratio is currently 46.08%.

Oracle Company 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.