Arlington Trust Co LLC Reduces Position in Oracle Corporation (NYSE:ORCL)

Arlington Trust Co LLC decreased its holdings in Oracle Corporation (NYSE:ORCL) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,945 shares of the enterprise software provider’s stock after selling 298 shares during the period. Arlington Trust Co LLC’s holdings in Oracle were worth $1,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new stake in Oracle during the 4th quarter worth approximately $33,000. Finally, Synergy Investment Management LLC purchased a new stake in Oracle in the 4th quarter worth approximately $34,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORCL. DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Oppenheimer reissued an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, CIBC restated a “buy” rating on shares of Oracle in a research report on Monday, June 9th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $200.63.

Oracle Trading Up 0.8%

ORCL traded up $1.68 during trading on Wednesday, hitting $220.64. 1,078,613 shares of the stock traded hands, compared to its average volume of 9,982,971. The firm has a market capitalization of $619.75 billion, a P/E ratio of 50.71, a price-to-earnings-growth ratio of 3.28 and a beta of 1.39. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $228.22. 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 firm has a 50-day moving average of $172.18 and a 200 day moving average of $162.87.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio is currently 46.08%.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock valued at $83,103,603 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

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.