TrueMark Investments LLC Sells 14,512 Shares of Oracle Corporation (NYSE:ORCL)

TrueMark Investments LLC lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 41.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,091 shares of the enterprise software provider's stock after selling 14,512 shares during the period. TrueMark Investments LLC's holdings in Oracle were worth $2,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. raised its position in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after acquiring an additional 60 shares in the last quarter. New England Capital Financial Advisors LLC raised its position in shares of Oracle by 6.4% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after acquiring an additional 64 shares in the last quarter. Cape ANN Savings Bank raised its position in shares of Oracle by 1.1% in the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after acquiring an additional 65 shares in the last quarter. Greenwood Gearhart Inc. raised its position in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. Finally, WorthPointe LLC increased its position in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL stock opened at $205.06 on Monday. The company has a market cap of $575.96 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. 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 stock's fifty day moving average price is $160.39 and its 200-day moving average price is $161.16.

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. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. On average, equities analysts forecast that Oracle Corporation 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. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.98%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday. Finally, BMO Capital Markets raised Oracle from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $200.00 to $235.00 in a research report on Friday, June 13th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average price target of $196.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.