Rogco LP reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,797 shares of the enterprise software provider's stock after selling 1,067 shares during the quarter. Rogco LP's holdings in Oracle were worth $531,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at $30,000. Hurley Capital LLC acquired a new position in Oracle during the fourth quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle during the fourth quarter valued at $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Oracle
In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale 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 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 of the company's stock, valued at approximately $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. In the last quarter, insiders sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by company insiders.
Oracle Trading Down 1.9%
Shares of NYSE ORCL traded down $4.55 during midday trading on Friday, reaching $230.45. 10,172,356 shares of the stock were exchanged, compared to its average volume of 10,259,055. The company has a 50 day simple moving average of $187.16 and a 200 day simple moving average of $166.49. The stock has a market capitalization of $647.29 billion, a P/E ratio of 53.10, a PEG ratio of 3.51 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44.
Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the company posted $1.63 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Oracle's dividend payout ratio (DPR) is currently 46.08%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Jefferies Financial Group upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Bank of America upped their price objective on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada upped their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.33.
Read Our Latest Research Report on ORCL
Oracle Company Profile
(
Free Report)
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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