Trek Financial LLC Has $1.53 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Trek Financial LLC cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,975 shares of the enterprise software provider's stock after selling 1,886 shares during the period. Trek Financial LLC's holdings in Oracle were worth $1,534,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock valued at $85,433,503 over the last quarter. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ORCL. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Stephens began coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. Finally, Barclays reaffirmed an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Stock Performance

Oracle stock opened at $234.62 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average of $181.86 and a 200-day moving average of $165.14. The firm has a market cap of $659.01 billion, a P/E ratio of 54.06, a P/E/G ratio of 3.48 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 company 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%. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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 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 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.

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