TD Private Client Wealth LLC Lowers Stock Position in Oracle Corporation (NYSE:ORCL)

TD Private Client Wealth LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F 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 period. TD Private Client Wealth LLC's holdings in Oracle were worth $2,206,000 at the end of the most recent reporting period.

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

Oracle Stock Performance

Shares of NYSE:ORCL traded up $1.97 during trading on Wednesday, hitting $236.47. The stock had a trading volume of 10,824,366 shares, compared to its average volume of 10,218,608. 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 12-month low of $118.86 and a 12-month high of $241.44. The stock has a market capitalization of $664.20 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. The stock has a 50-day simple moving average of $181.86 and a two-hundred day simple moving average of $165.14.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm posted $1.63 earnings per share. The firm's quarterly revenue 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.85%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ORCL shares. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Bank of America lifted their target price on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. BMO Capital Markets upped their price target on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, KeyCorp upped their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.15.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated 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 sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was 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 directly owned 1,097,576 shares in the company, valued at $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. Over the last ninety days, insiders have sold 450,366 shares of company stock valued at $85,433,503. 42.20% of the stock is owned by insiders.

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.