Symphony Financial Ltd. Co. Cuts Position in Oracle Corporation (NYSE:ORCL)

Symphony Financial Ltd. Co. trimmed its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 46.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,908 shares of the enterprise software provider's stock after selling 12,131 shares during the quarter. Oracle comprises about 1.1% of Symphony Financial Ltd. Co.'s portfolio, making the stock its 25th biggest position. Symphony Financial Ltd. Co.'s holdings in Oracle were worth $1,944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Rockland Trust Co. grew its stake 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 valued at $1,421,000 after buying an additional 467 shares during the period. Cornerstone Advisory LLC grew its stake in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares during the period. Peak Retirement Planning Inc. bought a new stake in shares of Oracle during the fourth quarter valued at approximately $211,000. Secure Asset Management LLC raised its position in shares of Oracle by 21.8% during the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after purchasing an additional 2,365 shares during the period. Finally, City National Bank of Florida MSD bought a new position in shares of Oracle in the 4th quarter worth $274,000. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. This trade represents 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 Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on ORCL shares. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Evercore ISI restated a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Oracle Trading Down 1.2%

Shares of NYSE ORCL traded down $2.66 during midday trading on Friday, reaching $210.16. The company had a trading volume of 14,120,277 shares, compared to its average volume of 9,949,586. The firm's fifty day moving average price is $166.79 and its 200-day moving average price is $162.13. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a one year low of $118.86 and a one year high of $216.93. The stock has a market cap of $590.31 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm 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%. The company'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 earnings per share. On average, equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) 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.