TD Private Client Wealth LLC Has $2.21 Million Position in Oracle Corporation (NYSE:ORCL)

TD Private Client Wealth LLC cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,781 shares of the enterprise software provider's stock after selling 2,703 shares during the quarter. TD Private Client Wealth LLC's holdings in Oracle were worth $2,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter worth about $28,000. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter worth about $33,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 0.3%

Shares of Oracle stock traded up $0.81 on Thursday, hitting $236.12. The company had a trading volume of 8,754,014 shares, compared to its average volume of 10,213,519. The stock has a 50-day moving average of $183.77 and a 200-day moving average of $165.63. 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 firm has a market capitalization of $663.22 billion, a P/E ratio of 54.42, a P/E/G ratio of 3.51 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given 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 currently 46.08%.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 450,366 shares of company stock valued at $85,433,503. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ORCL. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $190.00 to $270.00 in a research note on Thursday. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities set a $240.00 target price on shares of Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Finally, CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $209.33.

About Oracle

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.