Oracle Corporation (NYSE:ORCL) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI reduced its position in Oracle Corporation (NYSE:ORCL) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,482 shares of the enterprise software provider’s stock after selling 624 shares during the period. Fishman Jay A Ltd. MI’s holdings in Oracle were worth $3,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. FMR LLC boosted its holdings in shares of Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider’s stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider’s stock valued at $5,954,961,000 after purchasing an additional 619,619 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider’s stock valued at $3,366,531,000 after purchasing an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider’s stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the business’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 transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock valued at $83,395,223 in the last three months. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Stephens began coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target on the stock. Citigroup restated an “outperform” rating on shares of Oracle in a report on Thursday, June 12th. Finally, DA Davidson lifted their target price on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.74.

Oracle Trading Down 2.8%

Oracle stock opened at $205.06 on Friday. The firm has a 50-day moving average price of $160.39 and a two-hundred day moving average price of $161.52. The firm has a market capitalization of $573.53 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business 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 earned $1.63 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle’s payout ratio is 46.08%.

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.