Oracle Corporation (NYSE:ORCL) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,038 shares of the enterprise software provider's stock after selling 3,323 shares during the period. Whittier Trust Co.'s holdings in Oracle were worth $17,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $30,000. Finally, Hurley Capital LLC bought a new stake in Oracle in the 4th quarter worth approximately $33,000. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Westpark Capital boosted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday, June 10th. Finally, KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $215.61.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 3.2%

ORCL stock traded up $7.76 during mid-day trading on Thursday, reaching $249.06. The company had a trading volume of 17,612,488 shares, compared to its average volume of 10,334,227. 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 company has a market capitalization of $699.56 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. The firm has a 50 day moving average of $192.33 and a 200 day moving average of $167.83. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.45.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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. The business 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 company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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 0.80%. Oracle's dividend payout ratio is currently 46.08%.

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.