Oracle Corporation $ORCL Position Lowered by Strategic Financial Services Inc.

Strategic Financial Services Inc. decreased its stake in shares of Oracle Corporation (NYSE:ORCL) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,335 shares of the enterprise software provider’s stock after selling 1,202 shares during the period. Oracle comprises about 0.2% of Strategic Financial Services Inc.’s investment portfolio, making the stock its 29th biggest holding. Strategic Financial Services Inc.’s holdings in Oracle were worth $3,822,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Nuveen LLC acquired a new stake in Oracle during the first quarter worth about $732,692,000. GAMMA Investing LLC raised its stake in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. Vanguard Group Inc. raised its stake in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider’s stock worth $648,572,000 after acquiring an additional 2,049,687 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of several analyst reports. Evercore ISI raised their price target on shares of Oracle from $270.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday. Guggenheim raised their price target on shares of Oracle from $250.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday. Wolfe Research raised their price target on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, BMO Capital Markets set a $345.00 price target on shares of Oracle in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $296.84.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were 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 in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider owned 99,212 shares of the company’s stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,183 shares of company stock valued at $10,353,198. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

NYSE ORCL opened at $328.40 on Thursday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. 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 firm has a market capitalization of $922.41 billion, a PE ratio of 76.02, a P/E/G ratio of 3.61 and a beta of 1.46. The company’s 50 day simple moving average is $242.19 and its 200 day simple moving average is $188.57.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 80.42%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business earned $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.08%.

Oracle Company 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.