Compton Wealth Advisory Group LLC Cuts Stake in Oracle Corporation (NYSE:ORCL)

Compton Wealth Advisory Group LLC reduced its position in Oracle Corporation (NYSE:ORCL) by 17.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,080 shares of the enterprise software provider’s stock after selling 3,302 shares during the quarter. Compton Wealth Advisory Group LLC’s holdings in Oracle were worth $2,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Vanguard Group Inc. lifted its position in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. FMR LLC lifted its position in Oracle by 0.4% during the fourth 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 period. Geode Capital Management LLC lifted its position in Oracle by 1.8% during the fourth 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 period. Franklin Resources Inc. lifted its position in Oracle by 9.3% during the fourth 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 period. Finally, Northern Trust Corp lifted its position in Oracle by 12.5% during the fourth 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 period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred 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 completion of the sale, the director owned 31,764 shares of the company’s stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 440,366 shares of company stock worth $83,103,603. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $237.39 on Friday. The firm has a 50 day simple moving average of $178.14 and a 200-day simple moving average of $164.25. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99. 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 stock has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio (DPR) is 46.08%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. CIBC restated a “buy” rating on shares of Oracle in a research report on Monday, June 9th. Cantor Fitzgerald decreased their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, June 12th. Cowen reiterated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Barclays reiterated an “overweight” rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $204.15.

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.