Oracle Corporation (NYSE:ORCL) Shares Sold by TigerOak Management L.L.C.

TigerOak Management L.L.C. trimmed its position in shares of Oracle Corporation (NYSE:ORCL) by 5.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,528 shares of the enterprise software provider’s stock after selling 95 shares during the quarter. TigerOak Management L.L.C.’s holdings in Oracle were worth $214,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ORCL. Rockland Trust Co. grew its holdings in shares of Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after buying an additional 467 shares in the last quarter. Cornerstone Advisory LLC boosted 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 Oracle during the 4th quarter valued at about $211,000. Secure Asset Management LLC raised its holdings in Oracle by 21.8% in the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock valued at $1,850,000 after acquiring an additional 2,365 shares during the last quarter. Finally, City National Bank of Florida MSD acquired a new stake in Oracle in the 4th quarter valued at about $274,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ORCL shares. KeyCorp boosted their target price on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, June 12th. Cowen reissued a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price for the company. Stifel Nicolaus raised their target price on Oracle from $150.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, June 12th. Finally, DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.67.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 442,366 shares of company stock valued at $83,395,223 in the last ninety days. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 2.2%

ORCL opened at $210.54 on Thursday. Oracle Corporation has a 52 week low of $118.86 and a 52 week 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. The business has a fifty day simple moving average of $165.09 and a 200-day simple moving average of $161.98. The firm has a market cap of $591.37 billion, a P/E ratio of 48.51, a P/E/G ratio of 3.23 and a beta of 1.32.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. On average, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 0.95%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is currently 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.