Oracle Corporation (NYSE:ORCL) Shares Sold by Valley Wealth Managers Inc.

Key Points

• Valley Wealth Managers Inc. sold 3.5% of its stake in Oracle Corporation, lowering its holdings to 155,311 shares valued at approximately $21.7 million as of the latest SEC filing.
• Oracle reported a quarterly earnings per share (EPS) of $1.70, surpassing analyst expectations, with revenue of **$15.90 billion**, reflecting an 11.3% year-over-year increase.
• Oracle recently announced a quarterly dividend of $0.50 per share, with a yield of 0.82%, and a dividend payout ratio of **46.08%**.

Valley Wealth Managers Inc. lessened its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 155,311 shares of the enterprise software provider's stock after selling 5,558 shares during the period. Oracle comprises about 1.6% of Valley Wealth Managers Inc.'s portfolio, making the stock its 20th largest holding. Valley Wealth Managers Inc.'s holdings in Oracle were worth $21,714,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC grew its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at $30,000. Finally, Hurley Capital LLC purchased a new stake in Oracle in the 4th quarter worth about $33,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 0.9%

NYSE ORCL opened at $245.05 on Friday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The stock has a market capitalization of $688.31 billion, a P/E ratio of 56.46, a price-to-earnings-growth ratio of 3.62 and a beta of 1.39. The stock has a fifty day moving average of $204.42 and a 200-day moving average of $171.59.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. On average, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. KeyCorp lifted their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Evercore ISI increased their price objective on Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Guggenheim raised their price objective on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is owned by company 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.

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