Oracle Corporation $ORCL Shares Sold by Good Steward Wealth Advisors LLC

Key Points

• Good Steward Wealth Advisors LLC reduced its stake in Oracle Corporation by 46.7%, selling 2,225 shares and now holding 2,537 shares worth approximately $555,000.
• Several hedge funds have made significant changes to their positions in Oracle, with Nuveen LLC investing $732.69 million into new shares, and GAMMA Investing LLC increasing its stake by over 15,000%.
• Oracle has announced a quarterly dividend of $0.50 per share, with an expected yield of 0.7%, to be paid to shareholders on October 23rd.

Good Steward Wealth Advisors LLC lessened its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 46.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,537 shares of the enterprise software provider's stock after selling 2,225 shares during the quarter. Good Steward Wealth Advisors LLC's holdings in Oracle were worth $555,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ORCL. Nuveen LLC purchased a new position in shares of Oracle in the 1st quarter valued at $732,692,000. GAMMA Investing LLC increased its stake in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares during the period. Vanguard Group Inc. increased its stake in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Oracle by 79.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after buying an additional 2,049,687 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction dated 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. The trade was a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 44,183 shares of company stock worth $10,353,198 over the last three months. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Cowen reaffirmed a "buy" rating and set a $375.00 price target on shares of Oracle in a research note on Wednesday. Bank of America raised shares of Oracle from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $295.00 to $368.00 in a research note on Wednesday. Evercore ISI raised their price objective on shares of Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued 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. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $296.84.

Oracle Trading Down 5.1%

NYSE ORCL opened at $292.07 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a 50-day simple moving average of $244.69 and a 200-day simple moving average of $190.50. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The firm has a market capitalization of $820.38 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results 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 net margin of 21.08% and a return on equity of 72.93%. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the business posted $1.63 EPS. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's payout ratio is presently 46.30%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.