Oracle Corporation (NYSE:ORCL) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,405 shares of the enterprise software provider's stock after selling 1,499 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Oracle were worth $9,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the 4th quarter worth $30,000. Hurley Capital LLC acquired a new stake in Oracle during the fourth quarter worth about $33,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the 1st quarter worth about $28,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 directly owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 sale, the director now owns 34,630 shares in the company, valued at $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 ninety days, insiders have sold 442,366 shares of company stock valued at $83,395,223. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ORCL. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Stifel Nicolaus increased their price objective on shares of Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Bank of America lifted their target price on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, Cowen reiterated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Eleven 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $197.67.

Oracle Stock Down 0.7%

ORCL stock traded down $1.50 during mid-day trading on Wednesday, hitting $213.77. 2,337,992 shares of the company were exchanged, compared to its average volume of 9,872,574. The firm has a fifty day simple moving average of $163.48 and a 200 day simple moving average of $161.64. The company has a market capitalization of $600.45 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 3.10 and a beta of 1.32. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. 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 (NYSE:ORCL - Get Free Report) last issued 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 business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend 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.