Oracle Corporation (NYSE:ORCL) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 44.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,710 shares of the enterprise software provider's stock after selling 2,933 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Oracle were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. FMR LLC increased its position in shares of Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the period. Geode Capital Management LLC increased its position in shares of Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after buying an additional 619,619 shares during the period. Franklin Resources Inc. increased its position in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after buying an additional 1,722,037 shares during the period. Finally, Northern Trust Corp increased its position in shares of Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after buying an additional 2,176,892 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. UBS Group set a $250.00 price target on shares of Oracle and gave the company a "buy" rating in a research report on Wednesday, June 25th. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, JMP Securities set a $240.00 price objective on shares of Oracle and gave the stock a "market outperform" rating in a research note on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $204.15.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director directly owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock valued at $83,103,603 over the last three months. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL traded up $3.09 during trading on Tuesday, hitting $235.35. The company had a trading volume of 6,851,048 shares, compared to its average volume of 10,176,001. The stock has a fifty day simple moving average of $179.98 and a two-hundred day simple moving average of $164.65. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.18. The firm has a market capitalization of $661.05 billion, a price-to-earnings ratio of 54.22, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. 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 results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. On average, research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 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.