Robertson Stephens Wealth Management LLC Has $676,000 Stock Holdings in Oracle Corporation (NYSE:ORCL)

Robertson Stephens Wealth Management LLC cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 35.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,835 shares of the enterprise software provider's stock after selling 2,613 shares during the period. Robertson Stephens Wealth Management LLC's holdings in Oracle were worth $676,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC bought a new position in Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in Oracle during the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC bought a new position in Oracle during the 4th quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business'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 sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JMP Securities set a $240.00 price target on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Westpark Capital raised their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Price Performance

Shares of NYSE:ORCL opened at $210.63 on Thursday. The company's 50-day moving average is $157.39 and its 200 day moving average is $161.16. 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 company has a market capitalization of $589.13 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 3.12 and a beta of 1.32. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 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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