Vestor Capital LLC Sells 122,832 Shares of Oracle Corporation (NYSE:ORCL)

Vestor Capital LLC cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 94.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,395 shares of the enterprise software provider's stock after selling 122,832 shares during the quarter. Vestor Capital LLC's holdings in Oracle were worth $1,034,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. 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 purchased a new position in shares of Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth about $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle during the fourth quarter worth about $33,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 2.1%

Shares of Oracle stock opened at $238.37 on Wednesday. The firm has a market cap of $669.53 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 3.63 and a beta of 1.39. The business has a 50-day moving average price of $196.21 and a 200-day moving average price of $168.97. 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 twelve month low of $118.86 and a twelve month high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate 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 return on equity of 87.34% and a net margin of 21.68%. The firm's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 earnings per share. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Cowen restated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Royal Bank Of Canada upped their price target on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, JPMorgan Chase & Co. upped their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Buying and Selling

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock valued at $85,555,309 in the last 90 days. 42.20% of the stock is currently owned by insiders.

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.

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