PFG Investments LLC Sells 1,412 Shares of Oracle Corporation (NYSE:ORCL)

PFG Investments LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,067 shares of the enterprise software provider's stock after selling 1,412 shares during the quarter. PFG Investments LLC's holdings in Oracle were worth $5,182,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new stake in Oracle in the fourth quarter worth approximately $34,000. Mpwm Advisory Solutions LLC acquired a new position in Oracle in the fourth quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORCL shares. Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. UBS Group reissued a "buy" rating and set a $225.00 target price (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $196.74.

Oracle Stock Performance

NYSE ORCL opened at $205.06 on Friday. The company has a fifty day moving average price of $160.39 and a 200-day moving average price of $161.52. The firm has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 EPS. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

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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