Oracle Corporation (NYSE:ORCL) Shares Sold by WBH Advisory Inc.

WBH Advisory Inc. trimmed its holdings in Oracle Corporation (NYSE:ORCL) by 14.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,963 shares of the enterprise software provider’s stock after selling 1,711 shares during the quarter. WBH Advisory Inc.’s holdings in Oracle were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter worth about $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 2.7%

Oracle stock opened at $249.38 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. 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 firm has a market cap of $700.47 billion, a PE ratio of 57.46, a P/E/G ratio of 3.83 and a beta of 1.43. The firm’s 50 day moving average price is $220.94 and its two-hundred day moving average price is $177.32.

Oracle (NYSE:ORCL) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the company posted $1.63 EPS. Oracle’s revenue was up 11.3% on a year-over-year basis. On average, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio is presently 46.08%.

Insider Buying and Selling

In other news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock worth $86,521,198. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. Evercore ISI upped their price target on shares of Oracle from $215.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Cowen reissued a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.75.

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.