Stephens Inc. AR Reduces Position in Oracle Corporation (NYSE:ORCL)

Stephens Inc. AR cut its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,591 shares of the enterprise software provider's stock after selling 12,758 shares during the quarter. Stephens Inc. AR's holdings in Oracle were worth $8,611,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ORCL. Greenwood Gearhart Inc. raised its holdings in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC raised its holdings in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares in the last quarter. Stage Harbor Financial LLC raised its holdings in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Oracle by 0.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after purchasing an additional 70 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. raised its holdings in shares of Oracle by 1.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after purchasing an additional 70 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were 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 in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 445,366 shares of company stock worth $84,784,653. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. KeyCorp boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Barclays reiterated an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given 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 price target of $209.33.

Oracle Stock Performance

ORCL stock opened at $230.45 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $647.29 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.45 and a beta of 1.39. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The firm has a 50 day moving average of $187.16 and a two-hundred day moving average of $166.42.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the company earned $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.