Raleigh Capital Management Inc. Cuts Stake in Oracle Corporation (NYSE:ORCL)

Raleigh Capital Management Inc. trimmed its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 44.2% in the first quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Oracle during the fourth quarter worth $2,216,314,000. GAMMA Investing LLC raised its position in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Vanguard Group Inc. lifted its holdings in 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 buying an additional 2,296,069 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Oracle by 268.4% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after purchasing an additional 2,242,520 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ORCL shares. Citigroup reissued an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Barclays reiterated an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and lifted their target price for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. JMP Securities set a $240.00 price objective on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Finally, BMO Capital Markets upped their price target on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.15.

Oracle Stock Down 2.1%

NYSE:ORCL traded down $5.02 during trading hours on Monday, reaching $232.30. 16,061,923 shares of the company traded hands, compared to its average volume of 10,185,327. The stock has a market capitalization of $652.49 billion, a P/E ratio of 53.53, a P/E/G ratio of 3.55 and a beta of 1.39. The business's 50-day moving average price is $178.14 and its two-hundred day moving average price is $164.22. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $237.99. 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 released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. Analysts predict 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 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 position. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock worth $83,103,603 over the last quarter. Company insiders own 42.20% of the company's stock.

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.