Oracle Corporation $ORCL Holdings Lowered by Circle Wealth Management LLC

Circle Wealth Management LLC reduced its stake in Oracle Corporation (NYSE:ORCL) by 21.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,656 shares of the enterprise software provider’s stock after selling 7,061 shares during the period. Circle Wealth Management LLC’s holdings in Oracle were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Sunbeam Capital Management LLC bought a new position in Oracle during the 4th quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of ORCL opened at $233.0010 on Friday. The firm has a market cap of $654.46 billion, a price-to-earnings ratio of 53.69, a price-to-earnings-growth ratio of 3.51 and a beta of 1.43. The company’s fifty day moving average is $234.95 and its 200-day moving average is $182.32. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping 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%. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. Equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ORCL shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Roth Capital reiterated a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Stifel Nicolaus upgraded shares of Oracle from a “hold” rating to a “buy” rating and raised their target price for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Scotiabank initiated coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 price target on the stock. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $227.04.

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.