Praxis Investment Management Inc. Trims Holdings in Oracle Corporation (NYSE:ORCL)

Praxis Investment Management Inc. lessened its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,242 shares of the enterprise software provider's stock after selling 1,600 shares during the period. Oracle comprises approximately 0.6% of Praxis Investment Management Inc.'s holdings, making the stock its 27th largest holding. Praxis Investment Management Inc.'s holdings in Oracle were worth $8,842,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. increased its holdings in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares in the last quarter. New England Capital Financial Advisors LLC increased its holdings in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after buying an additional 64 shares in the last quarter. Cape ANN Savings Bank increased its holdings in Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after buying an additional 65 shares in the last quarter. Greenwood Gearhart Inc. increased its holdings in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares in the last quarter. Finally, WorthPointe LLC increased its holdings in Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

NYSE:ORCL opened at $205.06 on Friday. The company's 50-day moving average is $160.39 and its two-hundred day moving average is $161.52. 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. The firm has a market capitalization of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32.

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

Oracle Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORCL shares. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Cantor Fitzgerald cut their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Citigroup reissued an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Mizuho cut their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $196.74.

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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