Whalen Wealth Management Inc. Has $470,000 Stock Position in Oracle Corporation (NYSE:ORCL)

Whalen Wealth Management Inc. decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 43.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,359 shares of the enterprise software provider's stock after selling 2,535 shares during the quarter. Whalen Wealth Management Inc.'s holdings in Oracle were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rockland Trust Co. lifted its stake in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares during the period. Cornerstone Advisory LLC lifted its position in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the period. Peak Retirement Planning Inc. bought a new stake in shares of Oracle in the 4th quarter valued at $211,000. Secure Asset Management LLC increased its position in shares of Oracle by 21.8% during the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after buying an additional 2,365 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Oracle during the fourth quarter worth $51,084,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 2.8%

Shares of NYSE ORCL opened at $205.06 on Monday. The business has a 50-day moving average of $160.39 and a 200-day moving average of $161.16. The firm has a market capitalization of $575.96 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.08 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60.

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 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 business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The business's quarterly revenue was up 11.3% compared to the same quarter last year. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insider Activity

In related news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents 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 have sold 442,366 shares of company stock worth $83,395,223. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

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.

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