Oracle Corporation (NYSE:ORCL) Shares Sold by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY decreased its holdings in Oracle Corporation (NYSE:ORCL) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,506 shares of the enterprise software provider’s stock after selling 115 shares during the quarter. Oracle comprises about 2.6% of Roanoke Asset Management Corp NY’s portfolio, making the stock its 10th biggest position. Roanoke Asset Management Corp NY’s holdings in Oracle were worth $7,620,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORCL. Tacita Capital Inc lifted its position in Oracle by 6.0% during the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider’s stock worth $174,000 after acquiring an additional 70 shares during the period. Flynn Zito Capital Management LLC lifted its position in Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider’s stock worth $606,000 after acquiring an additional 71 shares during the period. Tiller Private Wealth Inc. lifted its position in Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $224,000 after acquiring an additional 71 shares during the period. Private Wealth Management Group LLC lifted its position in Oracle by 14.9% during the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider’s stock worth $78,000 after acquiring an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its position in Oracle by 4.8% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider’s stock worth $218,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rona Alison Fairhead acquired 480 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORCL. The Goldman Sachs Group reissued a “neutral” rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Barclays reissued an “overweight” rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. JMP Securities boosted their price objective on Oracle from $240.00 to $315.00 and gave the company a “market outperform” rating in a report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Finally, UBS Group boosted their price objective on Oracle from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $227.04.

Oracle Price Performance

ORCL stock opened at $248.48 on Friday. 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 business has a 50 day simple moving average of $230.54 and a 200-day simple moving average of $180.39. The firm has a market capitalization of $697.94 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 3.66 and a beta of 1.43. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during 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 business’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. Equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle’s dividend payout ratio is 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.