Oracle Corporation (NYSE:ORCL) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 15.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,925 shares of the enterprise software provider's stock after selling 1,235 shares during the period. Strategic Investment Advisors MI's holdings in Oracle were worth $968,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in Oracle by 9.4% in the first quarter. International Assets Investment Management LLC now owns 14,241 shares of the enterprise software provider's stock worth $1,991,000 after buying an additional 1,221 shares during the period. Cornerstone Wealth Group LLC increased its position in Oracle by 2.8% in the first quarter. Cornerstone Wealth Group LLC now owns 16,951 shares of the enterprise software provider's stock worth $2,370,000 after buying an additional 464 shares during the period. Vectors Research Management LLC increased its position in Oracle by 29.3% in the first quarter. Vectors Research Management LLC now owns 32,314 shares of the enterprise software provider's stock worth $4,518,000 after buying an additional 7,313 shares during the period. Invesco LLC increased its position in Oracle by 7.8% in the first quarter. Invesco LLC now owns 108,388 shares of the enterprise software provider's stock worth $15,154,000 after buying an additional 7,865 shares during the period. Finally, Retirement Guys Formula LLC acquired a new stake in Oracle in the first quarter worth $1,315,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was 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 now directly owns 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Up 4.0%

NYSE:ORCL opened at $215.39 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60. The firm has a market capitalization of $604.99 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 3.10 and a beta of 1.32. The stock has a fifty day simple moving average of $163.48 and a 200 day simple moving average of $161.64.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. Oracle's payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Barclays reissued an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $196.74.

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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