Raub Brock Capital Management LP Sells 14,094 Shares of Oracle Co. (NYSE:ORCL)

Raub Brock Capital Management LP decreased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,761 shares of the enterprise software provider's stock after selling 14,094 shares during the period. Oracle accounts for approximately 3.5% of Raub Brock Capital Management LP's portfolio, making the stock its 18th biggest position. Raub Brock Capital Management LP's holdings in Oracle were worth $15,765,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Oracle during the fourth quarter valued at about $2,216,314,000. Raymond James Financial Inc. bought a new stake in Oracle in the fourth quarter valued at $930,095,000. GAMMA Investing LLC boosted its position in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% in the fourth 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 valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake 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 last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Oracle stock traded up $15.68 during midday trading on Friday, hitting $215.54. The company's stock had a trading volume of 53,639,099 shares, compared to its average volume of 9,721,350. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day moving average price of $152.88 and a two-hundred day moving average price of $160.46. The company has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 21.16% and a return on equity of 133.25%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 earnings per share. As a group, sell-side analysts predict that Oracle Co. 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. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's payout ratio is 46.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ORCL shares. BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $200.00 to $235.00 in a research note on Friday. Guggenheim reissued a "buy" rating and set a $220.00 price objective on shares of Oracle in a report on Thursday. Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. KeyCorp upped their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Citigroup upped their target price on shares of Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, June 9th. Twelve investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $194.32.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 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.