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

TD Private Client Wealth LLC decreased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $33,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter valued at approximately $28,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated 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 transaction, the insider owned 1,097,576 shares of the company's stock, valued at approximately $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 a total of 440,366 shares of company stock valued at $83,103,603 in the last quarter. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ORCL. KeyCorp lifted their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. UBS Group set a $250.00 price target on shares of Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Westpark Capital raised their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and raised their price target for the company from $180.00 to $250.00 in a report on Monday, June 30th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Stock Up 1.0%

NYSE ORCL traded up $2.36 on Tuesday, reaching $234.62. The company had a trading volume of 20,331,415 shares, compared to its average volume of 12,353,341. The firm has a market capitalization of $659.01 billion, a price-to-earnings ratio of 54.06, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.44. The company's fifty day moving average is $179.98 and its 200-day moving average is $164.65.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during 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 company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 EPS. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is presently 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.