Private Wealth Partners LLC Lowers Position in Oracle Corporation (NYSE:ORCL)

Private Wealth Partners LLC lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 34.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,194 shares of the enterprise software provider's stock after selling 8,411 shares during the period. Private Wealth Partners LLC's holdings in Oracle were worth $2,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. increased its position in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of 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 acquiring an additional 64 shares during the period. Cape ANN Savings Bank raised its stake in shares of 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 acquiring an additional 65 shares during the period. Greenwood Gearhart Inc. lifted its holdings in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the last quarter. Finally, WorthPointe LLC boosted its stake in shares of Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares during the period. 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 firm's stock in a transaction 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 owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% 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 hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock worth $80,183,723 over the last quarter. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORCL. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Bank of America increased their target price on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Finally, Cantor Fitzgerald lowered 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. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Price Performance

Shares of ORCL stock opened at $210.63 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The firm has a market capitalization of $589.13 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 3.16 and a beta of 1.32. The stock's 50-day simple moving average is $158.93 and its 200-day simple moving average is $161.36.

Oracle (NYSE:ORCL - Get Free Report) last released 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 company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. As a group, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Oracle's payout ratio is 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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