Oracle Corporation (NYSE:ORCL) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,135 shares of the enterprise software provider's stock after selling 1,754 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Oracle were worth $29,379,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pure Financial Advisors LLC increased its holdings in Oracle by 1.7% in the first quarter. Pure Financial Advisors LLC now owns 12,612 shares of the enterprise software provider's stock valued at $1,763,000 after buying an additional 207 shares in the last quarter. SOL Capital Management CO grew its position in shares of Oracle by 0.6% during the 1st quarter. SOL Capital Management CO now owns 26,753 shares of the enterprise software provider's stock valued at $3,740,000 after acquiring an additional 150 shares during the period. Phillips Wealth Planners LLC increased its stake in shares of Oracle by 4.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 7,238 shares of the enterprise software provider's stock valued at $958,000 after purchasing an additional 292 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in Oracle by 3.4% in the 1st quarter. Perigon Wealth Management LLC now owns 29,563 shares of the enterprise software provider's stock worth $4,133,000 after purchasing an additional 980 shares during the period. Finally, Omnia Family Wealth LLC acquired a new position in Oracle in the 1st quarter worth about $214,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $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 sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on ORCL shares. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Royal Bank Of Canada boosted their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. UBS Group set a $250.00 price objective on shares of Oracle and gave the stock a "buy" rating in a research report on Wednesday. CIBC reiterated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Finally, BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. Eleven 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $197.67.

Oracle Trading Up 1.2%

ORCL stock traded up $2.56 during trading on Thursday, reaching $213.28. 10,517,186 shares of the stock were exchanged, compared to its average volume of 9,915,594. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $599.07 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 3.23 and a beta of 1.32. The business has a 50 day moving average price of $165.09 and a 200-day moving average price of $161.98. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.93.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

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.