Raub Brock Capital Management LP Sells 14,094 Shares of Oracle Co. (NYSE:ORCL)

Raub Brock Capital Management LP decreased its holdings in Oracle Co. (NYSE:ORCL) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,761 shares of the enterprise software provider’s stock after selling 14,094 shares during the quarter. Oracle makes up 3.5% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 18th biggest holding. Raub Brock Capital Management LP’s holdings in Oracle were worth $15,765,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rockland Trust Co. grew its stake in shares of Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares during the last quarter. Cornerstone Advisory LLC grew its stake in shares of Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. bought a new stake in shares of Oracle in the fourth quarter worth $211,000. Secure Asset Management LLC grew its stake in shares of Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after purchasing an additional 2,365 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Oracle in the fourth quarter worth $51,084,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $215.54 on Friday. The stock has a market cap of $602.86 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The firm’s fifty day moving average price is $152.88 and its 200-day moving average price is $160.62. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. 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 issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Westpark Capital upped their price target on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday. Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of Oracle in a research report on Thursday. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. Morgan Stanley reaffirmed a “positive” rating on shares of Oracle in a research report on Monday. Finally, UBS Group upped their price target on shares of Oracle from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $194.32.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated 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. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last quarter. Insiders own 42.20% of the company’s stock.

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.