Toth Financial Advisory Corp Has $11.75 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Toth Financial Advisory Corp trimmed its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,020 shares of the enterprise software provider's stock after selling 2,338 shares during the period. Oracle makes up approximately 1.4% of Toth Financial Advisory Corp's holdings, making the stock its 14th largest holding. Toth Financial Advisory Corp's holdings in Oracle were worth $11,747,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Courier Capital LLC grew its stake in shares of Oracle by 8.2% in the 1st quarter. Courier Capital LLC now owns 67,675 shares of the enterprise software provider's stock valued at $9,462,000 after purchasing an additional 5,102 shares during the period. Tilia Fiduciary Partners Inc. bought a new stake in shares of Oracle in the 1st quarter valued at approximately $1,756,000. Central Bank & Trust Co. grew its stake in shares of Oracle by 2.4% in the 1st quarter. Central Bank & Trust Co. now owns 12,072 shares of the enterprise software provider's stock valued at $1,688,000 after purchasing an additional 286 shares during the period. Meridian Financial Partners LLC grew its stake in shares of Oracle by 481.0% in the 1st quarter. Meridian Financial Partners LLC now owns 7,861 shares of the enterprise software provider's stock valued at $1,099,000 after purchasing an additional 6,508 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Oracle by 4.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 2,871 shares of the enterprise software provider's stock worth $401,000 after acquiring an additional 110 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 over the last 90 days. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup boosted their target price on Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday. UBS Group boosted their target price on Oracle from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Barclays reduced their target price on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald reduced their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Evercore ISI boosted their target price on Oracle from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.30.

Oracle Trading Up 13.2%

NYSE:ORCL traded up $23.29 during mid-day trading on Thursday, hitting $199.67. The company had a trading volume of 54,558,768 shares, compared to its average volume of 9,692,482. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $202.43. The business's fifty day moving average is $149.60 and its two-hundred day moving average is $160.36. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $558.47 billion, a P/E ratio of 48.82, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.95%.

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.