Semmax Financial Advisors Inc. Sells 3,290 Shares of Oracle Corporation $ORCL

Key Points

• Semmax Financial Advisors Inc. decreased its holdings in Oracle Corporation by 19.3% during the 1st quarter, selling 3,290 shares and leaving them with a total of 13,749 shares valued at $2,067,000.
• Various institutional investors have made adjustments to their Oracle holdings, with Brighton Jones LLC increasing its stake by 189.3%, now owning 153,580 shares worth approximately $25.6 million.
• Analysts have updated their price targets for Oracle shares, with the average target now at $232.61 and three analysts rating the stock as a Strong Buy, indicating positive sentiment towards future performance.

Semmax Financial Advisors Inc. cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,749 shares of the enterprise software provider's stock after selling 3,290 shares during the period. Semmax Financial Advisors Inc.'s holdings in Oracle were worth $2,067,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its position in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter worth about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 6.3%

Shares of NYSE ORCL traded down $20.69 during trading on Thursday, hitting $307.64. The stock had a trading volume of 69,817,470 shares, compared to its average volume of 13,114,255. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $864.11 billion, a PE ratio of 71.21, a PEG ratio of 3.61 and a beta of 1.46. The firm has a fifty day moving average of $242.19 and a two-hundred day moving average of $188.57.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 80.42%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 EPS. The business's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Westpark Capital raised their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $296.84.

Insider Transactions at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is owned by insiders.

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.