Stratos Wealth Partners LTD. Trims Stake in Oracle Corporation (NYSE:ORCL)

Stratos Wealth Partners LTD. lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 2.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 101,265 shares of the enterprise software provider's stock after selling 3,056 shares during the period. Stratos Wealth Partners LTD.'s holdings in Oracle were worth $14,158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Stratos Investment Management LLC lifted its position in shares of Oracle by 55.2% in the 1st quarter. Stratos Investment Management LLC now owns 9,330 shares of the enterprise software provider's stock worth $1,305,000 after purchasing an additional 3,319 shares during the period. NTV Asset Management LLC increased its stake in Oracle by 4.2% in the first quarter. NTV Asset Management LLC now owns 6,285 shares of the enterprise software provider's stock valued at $879,000 after purchasing an additional 252 shares in the last quarter. Consolidated Capital Management LLC acquired a new position in shares of Oracle during the first quarter valued at about $344,000. Interchange Capital Partners LLC boosted its position in shares of Oracle by 4.4% during the 1st quarter. Interchange Capital Partners LLC now owns 7,152 shares of the enterprise software provider's stock worth $1,000,000 after purchasing an additional 304 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Oracle by 0.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 242,478 shares of the enterprise software provider's stock worth $33,901,000 after purchasing an additional 1,701 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Loop Capital set a $135.00 price target on shares of Oracle in a research report on Tuesday, June 10th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Finally, KeyCorp boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $204.15.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $1.97 during mid-day trading on Wednesday, reaching $236.47. The company had a trading volume of 10,824,366 shares, compared to its average volume of 10,218,608. 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 cap of $664.20 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.51 and a beta of 1.39. The company's 50-day moving average price is $181.86 and its 200-day moving average price is $165.14. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid 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 yield of 0.85%. Oracle's dividend payout ratio is 46.08%.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred 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 $209,000,421.92. This 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 worth $85,433,503 in the last three months. Insiders own 42.20% of the company's stock.

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.