Oracle Corporation (NYSE:ORCL) Shares Sold by Pecaut & CO.

Pecaut & CO. reduced its stake in Oracle Corporation (NYSE:ORCLFree Report) by 10.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,587 shares of the enterprise software provider’s stock after selling 990 shares during the period. Pecaut & CO.’s holdings in Oracle were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Harel Insurance Investments & Financial Services Ltd. raised its stake in Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after purchasing an additional 107,404 shares during the last quarter. Rockland Trust Co. increased its stake in shares of 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 in the last quarter. Calamos Advisors LLC lifted its holdings in Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after purchasing an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC grew 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 valued at $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. purchased a new position in Oracle during the fourth quarter valued at $211,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. KeyCorp boosted their target price on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. Stifel Nicolaus raised Oracle from a “hold” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. upped their price target on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Evercore ISI increased their target price on Oracle from $215.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $218.29.

Check Out Our Latest Stock Report on ORCL

Oracle Stock Performance

Shares of NYSE:ORCL opened at $249.06 on Friday. The firm has a market cap of $699.56 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The firm’s 50 day simple moving average is $194.31 and its 200-day simple moving average is $168.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data 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. The firm had revenue of $15.90 billion during 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 business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 earnings per share. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is 46.08%.

Insider Buying and Selling at Oracle

In other news, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is currently owned by insiders.

Oracle Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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