Oracle Corporation (NYSE:ORCL) Shares Sold by Western Financial Corp CA

Western Financial Corp CA cut its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 52.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,985 shares of the enterprise software provider's stock after selling 7,597 shares during the period. Western Financial Corp CA's holdings in Oracle were worth $977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rockland Trust Co. grew its stake in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after acquiring an additional 467 shares during the last quarter. Cornerstone Advisory LLC raised its position in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. purchased a new stake in shares of Oracle in the fourth quarter valued at about $211,000. Secure Asset Management LLC grew its position in shares of Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after purchasing an additional 2,365 shares during the last quarter. Finally, City National Bank of Florida MSD purchased a new position in shares of Oracle during the 4th quarter worth approximately $274,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle 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 completion of the transaction, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, 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. In the last three months, insiders sold 442,366 shares of company stock worth $83,395,223. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ORCL shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. JMP Securities set a $240.00 price target on Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. DA Davidson upped their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $197.67.

Oracle Trading Up 1.2%

Shares of NYSE ORCL traded up $2.56 during midday trading on Thursday, hitting $213.28. The stock had a trading volume of 10,517,186 shares, compared to its average volume of 9,915,599. The company has a fifty day moving average price of $165.09 and a 200 day moving average price of $161.98. The company has a market capitalization of $599.07 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.23 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.93. 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 (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the company posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.94%. Oracle's dividend payout ratio (DPR) is 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.