Laraway Financial Advisors Inc Cuts Position in Oracle Corporation $ORCL

Laraway Financial Advisors Inc decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.3% in the first quarter, Holdings Channel.com reports. The firm owned 7,640 shares of the enterprise software provider’s stock after selling 100 shares during the period. Laraway Financial Advisors Inc’s holdings in Oracle were worth $1,068,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Tacita Capital Inc raised its holdings in Oracle by 6.0% in 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 last quarter. Flynn Zito Capital Management LLC increased its holdings in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider’s stock worth $606,000 after purchasing an additional 71 shares in the last quarter. Tiller Private Wealth Inc. raised its stake in shares of Oracle by 4.6% in the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $224,000 after purchasing an additional 71 shares during the last quarter. Private Wealth Management Group LLC lifted its holdings in shares of Oracle by 14.9% during the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider’s stock valued at $78,000 after purchasing an additional 72 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. boosted its position in shares of Oracle by 4.8% during the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider’s stock valued at $218,000 after buying an additional 72 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares of the company’s stock, valued at $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock worth $86,521,198. Insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. JMP Securities upped their target price on shares of Oracle from $240.00 to $315.00 and gave the company a “market outperform” rating in a research note on Friday, July 18th. TD Cowen boosted their price objective on shares of Oracle from $275.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Piper Sandler upgraded 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. CIBC reaffirmed a “buy” rating on shares of Oracle in a research report on Monday, June 9th. Finally, Roth Capital reissued a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $227.04.

Oracle Stock Up 1.4%

ORCL opened at $248.48 on Monday. The stock has a market cap of $697.94 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s fifty day moving average is $230.54 and its 200 day moving average is $180.59. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87.

Oracle (NYSE:ORCL) last posted its quarterly 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 business had revenue of $15.90 billion for 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%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 earnings per share. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is 46.08%.

About Oracle

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.