Bigelow Investment Advisors LLC Sells 218 Shares of Oracle Corporation (NYSE:ORCL)

Bigelow Investment Advisors LLC decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 2.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,807 shares of the enterprise software provider’s stock after selling 218 shares during the period. Bigelow Investment Advisors LLC’s holdings in Oracle were worth $1,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter worth about $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in Oracle during the 4th quarter worth approximately $36,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ORCL. CIBC reaffirmed a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Guggenheim upped their price objective on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday. 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. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.74.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a 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 stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,366 shares of company stock worth $80,183,723. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.2%

Oracle stock opened at $210.63 on Thursday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. The firm has a 50-day moving average of $157.39 and a 200-day moving average of $161.16. The company has a market cap of $589.13 billion, a price-to-earnings ratio of 48.53, a P/E/G ratio of 3.12 and a beta of 1.32. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. 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.