Pachira Investments Inc. Sells 1,325 Shares of Oracle Corporation (NYSE:ORCL)

Pachira Investments Inc. lowered its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 46.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,558 shares of the enterprise software provider's stock after selling 1,325 shares during the period. Pachira Investments Inc.'s holdings in Oracle were worth $220,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle in the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC grew 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 valued at $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Bank of America upped their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Evercore ISI upped their target price on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Royal Bank Of Canada upped their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Price Performance

NYSE:ORCL traded down $3.45 during trading hours on Friday, hitting $245.30. 9,671,806 shares of the company's stock traded hands, compared to its average volume of 10,370,432. The firm has a market cap of $689.01 billion, a P/E ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The business's fifty day simple moving average is $196.21 and its two-hundred day simple moving average is $168.95. 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 (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm's quarterly revenue was up 11.3% on a year-over-year basis. On average, research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared 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 of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle's payout ratio is 46.08%.

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.