Sfmg LLC Lowers Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Sfmg LLC has reduced its stake in Oracle Corporation by 35.8% in the first quarter, now holding a stock position valued at $255,000.
• Multiple large investors have increased their stakes in Oracle, with Brighton Jones LLC raising its position by 189.3% during the fourth quarter.
• Analysts have updated Oracle's target prices significantly, with Westpark Capital raising it from $195.00 to $246.00 and Evercore ISI from $215.00 to $270.00.

Sfmg LLC cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 35.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,823 shares of the enterprise software provider's stock after selling 1,015 shares during the quarter. Sfmg LLC's holdings in Oracle were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted its stake in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle during the fourth quarter valued at approximately $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity 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 stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 428,303 shares of company stock worth $82,480,056 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 0.3%

Shares of ORCL stock traded up $0.85 during trading hours on Wednesday, hitting $256.52. The company had a trading volume of 9,919,562 shares, compared to its average volume of 10,380,186. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company's fifty day moving average is $217.36 and its 200 day moving average is $176.15. The stock has a market capitalization of $720.51 billion, a PE ratio of 59.11, a price-to-earnings-growth ratio of 3.81 and a beta of 1.43.

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, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. Research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's dividend payout ratio is 46.08%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORCL. Jefferies Financial Group raised their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. BMO Capital Markets upped their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group upped their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Bank of America increased their price objective on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a report on Tuesday. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $222.75.

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.