Bernard Wealth Management Corp. Sells 311 Shares of Oracle Co. (NYSE:ORCL)

Bernard Wealth Management Corp. trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 7.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,006 shares of the enterprise software provider’s stock after selling 311 shares during the period. Bernard Wealth Management Corp.’s holdings in Oracle were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its position in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the period. New England Capital Financial Advisors LLC raised its position in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after acquiring an additional 64 shares during the period. Cape ANN Savings Bank raised its position in Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after acquiring an additional 65 shares during the period. Greenwood Gearhart Inc. raised its position in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock worth $955,000 after acquiring an additional 66 shares during the period. Finally, WorthPointe LLC raised its position in Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock worth $289,000 after acquiring an additional 67 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $215.54 on Friday. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $216.60. The stock has a market capitalization of $602.86 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a fifty day moving average of $152.88 and a 200-day moving average of $160.62. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

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 paid 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 0.93%. Oracle’s dividend payout ratio (DPR) is 46.08%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 in the last three months. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on ORCL. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday. BMO Capital Markets upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $200.00 to $235.00 in a research note on Friday. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Piper Sandler reiterated a “neutral” rating and issued a $130.00 target price on shares of Oracle in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.32.

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.