Ifrah Financial Services Inc. Has $1.18 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Ifrah Financial Services Inc. lowered its stake in Oracle Corporation (NYSE:ORCL) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,420 shares of the enterprise software provider’s stock after selling 675 shares during the period. Ifrah Financial Services Inc.’s holdings in Oracle were worth $1,177,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its stake in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock worth $35,984,000 after buying an additional 107,404 shares during the last quarter. Rockland Trust Co. raised its stake in Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after buying an additional 467 shares during the last quarter. Calamos Advisors LLC raised its stake in Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock worth $99,445,000 after buying an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC raised its stake in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after buying an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. bought a new position in Oracle during the fourth quarter worth $211,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction dated 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 directly owned 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company’s stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Oracle from a “hold” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Westpark Capital lifted their price target on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Finally, CIBC reiterated a “buy” rating on shares of Oracle in a report on Monday, June 9th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $204.15.

Oracle Trading Up 3.2%

Shares of ORCL stock opened at $237.39 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $237.99. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50-day simple moving average of $178.14 and a two-hundred day simple moving average of $164.25. The company has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) 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 business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is 46.08%.

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.