Wealth Effects LLC Sells 1,560 Shares of Oracle Corporation (NYSE:ORCL)

Wealth Effects LLC reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,579 shares of the enterprise software provider's stock after selling 1,560 shares during the period. Wealth Effects LLC's holdings in Oracle were worth $640,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new position in Oracle in the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter worth approximately $33,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth $28,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ORCL shares. DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Westpark Capital upped their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Piper Sandler reissued a "neutral" rating and set a $130.00 price objective on shares of Oracle in a report on Wednesday, June 11th. Cantor Fitzgerald reduced their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Royal Bank Of Canada upped their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $197.67.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 directly owns 34,630 shares of the company's stock, valued at approximately $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 sold 442,366 shares of company stock valued at $83,395,223 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL traded up $2.56 on Thursday, reaching $213.28. 10,517,186 shares of the stock traded hands, compared to its average volume of 9,915,579. The stock's 50-day moving average price is $165.09 and its 200-day moving average price is $161.98. 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 firm has a market cap of $599.07 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 3.23 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 earnings per share. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. Oracle's payout ratio is currently 46.08%.

Oracle Company 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.