Saturna Capital Corp Sells 304 Shares of Oracle Corporation (NYSE:ORCL)

Saturna Capital Corp reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 0.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 957,318 shares of the enterprise software provider’s stock after selling 304 shares during the quarter. Oracle accounts for approximately 2.0% of Saturna Capital Corp’s holdings, making the stock its 18th biggest position. Saturna Capital Corp’s holdings in Oracle were worth $133,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of 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 worth $35,984,000 after buying an additional 107,404 shares during the period. Rockland Trust Co. grew its position in shares of Oracle by 4.8% during the 1st 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 during the period. Calamos Advisors LLC boosted its stake in Oracle by 1.5% during the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock worth $99,445,000 after acquiring an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in Oracle by 34.1% during the 4th 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. Finally, Peak Retirement Planning Inc. bought a new position in Oracle in the fourth quarter valued at approximately $211,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated 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 transaction, the insider directly owned 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 445,366 shares of company stock valued at $84,784,653. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORCL shares. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Stifel Nicolaus raised shares of Oracle from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Oppenheimer restated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Roth Capital reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $218.29.

Oracle Stock Up 3.2%

ORCL stock opened at $249.06 on Friday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $251.60. The firm has a market cap of $699.56 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 3.61 and a beta of 1.39. The firm has a fifty day moving average price of $194.31 and a two-hundred day moving average price of $168.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 EPS. Research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.80%. Oracle’s payout ratio is presently 46.08%.

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.