Pinnacle Wealth Planning Services Inc. Sells 1,240 Shares of Oracle Corporation $ORCL

Key Points

• Pinnacle Wealth Planning Services Inc. reduced its stake in Oracle Corporation by 13.7% during the first quarter, bringing its total holdings to 7,817 shares worth approximately $1.09 million.
• Oracle's Vice Chairman, Jeffrey Henley, sold 400,000 shares valued at over $76 million, resulting in a significant decrease in his ownership stake.
• Recently, Oracle reported a quarterly earnings per share of $1.70, exceeding analysts' expectations, with quarterly revenue showing an 11.3% year-over-year increase.

Pinnacle Wealth Planning Services Inc. reduced its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,817 shares of the enterprise software provider's stock after selling 1,240 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Oracle were worth $1,093,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its stake 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 purchasing an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the 4th quarter valued at approximately $36,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 6.0%

NYSE:ORCL traded down $14.35 during trading hours on Friday, reaching $225.97. 16,606,479 shares of the company traded hands, compared to its average volume of 10,284,459. The stock has a market capitalization of $634.72 billion, a P/E ratio of 52.07, a P/E/G ratio of 3.38 and a beta of 1.46. The business's 50-day moving average price is $237.90 and its two-hundred day moving average price is $185.01. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 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 analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insiders Place Their Bets

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on 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 completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares of the company's stock, 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. In the last quarter, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ORCL. CIBC restated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. JMP Securities raised their target price on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. UBS Group raised their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Evercore ISI raised their target price on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Finally, Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $227.04.

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.