Schechter Investment Advisors LLC decreased its position in Oracle Corporation (NYSE:ORCL - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,672 shares of the enterprise software provider's stock after selling 2,932 shares during the period. Schechter Investment Advisors LLC's holdings in Oracle were worth $4,148,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in ORCL. New York State Common Retirement Fund lifted its stake in shares of Oracle by 1.7% in the first quarter. New York State Common Retirement Fund now owns 2,056,038 shares of the enterprise software provider's stock valued at $287,455,000 after buying an additional 34,233 shares in the last quarter. Platform Technology Partners raised its holdings in shares of Oracle by 1.6% in the 1st quarter. Platform Technology Partners now owns 10,371 shares of the enterprise software provider's stock worth $1,450,000 after purchasing an additional 162 shares during the period. BankPlus Trust Department lifted its stake in Oracle by 17.2% in the first quarter. BankPlus Trust Department now owns 4,406 shares of the enterprise software provider's stock valued at $616,000 after purchasing an additional 647 shares during the last quarter. Arizona State Retirement System lifted its stake in Oracle by 2.7% in the first quarter. Arizona State Retirement System now owns 495,851 shares of the enterprise software provider's stock valued at $69,325,000 after purchasing an additional 13,033 shares during the last quarter. Finally, Realta Investment Advisors lifted its stake in Oracle by 4.3% in the first quarter. Realta Investment Advisors now owns 5,074 shares of the enterprise software provider's stock valued at $709,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.
Oracle Stock Performance
Shares of ORCL traded down $4.55 during mid-day trading on Friday, hitting $230.45. 10,172,356 shares of the company traded hands, compared to its average volume of 10,270,690. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50-day moving average price of $187.16 and a two-hundred day moving average price of $166.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The stock has a market cap of $647.30 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.45 and a beta of 1.39.
Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during 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%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.63 earnings per share. Equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Oracle's payout ratio is currently 46.08%.
Insiders Place Their Bets
In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 445,366 shares of company stock valued at $84,784,653. Insiders own 42.20% of the company's stock.
Analysts Set New Price Targets
ORCL has been the subject of several analyst reports. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. DA Davidson increased their target price on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Bank of America lifted their target price on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada lifted their price target on shares of Oracle from $145.00 to $195.00 and gave the company 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 given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $209.33.
Get Our Latest Stock Analysis on ORCL
About Oracle
(
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.
Featured Articles
Before you consider Oracle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oracle wasn't on the list.
While Oracle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
