Oracle Corporation (NYSE:ORCL) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lessened its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 101,265 shares of the enterprise software provider's stock after selling 3,056 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Oracle were worth $14,158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ORCL. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after buying an additional 107,404 shares during the period. Rockland Trust Co. lifted its holdings in shares of Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after buying an additional 467 shares during the period. Calamos Advisors LLC lifted its holdings in shares of Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after buying an additional 10,426 shares during the period. Cornerstone Advisory LLC lifted its holdings in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after buying an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. purchased a new stake in shares of Oracle in the 4th quarter worth $211,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on ORCL. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and upped their target price for the stock from $180.00 to $250.00 in a report on Monday, June 30th. CIBC restated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. JPMorgan Chase & Co. upped their price objective on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Royal Bank Of Canada upped their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Finally, Barclays restated an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.33.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director directly owned 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock valued at $85,433,503 over the last 90 days. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $0.23 during trading on Thursday, hitting $235.08. The stock had a trading volume of 10,497,469 shares, compared to its average volume of 10,223,456. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. The stock has a market capitalization of $660.30 billion, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. 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 stock has a 50-day simple moving average of $183.77 and a two-hundred day simple moving average of $165.63.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Oracle Company 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.