Cooper Financial Group Cuts Position in Oracle Corporation (NYSE:ORCL)

Cooper Financial Group lessened its holdings in Oracle Corporation (NYSE:ORCL) by 15.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,748 shares of the enterprise software provider’s stock after selling 1,988 shares during the quarter. Cooper Financial Group’s holdings in Oracle were worth $1,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.3%

Shares of ORCL opened at $250.04 on Friday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The company has a 50-day moving average of $222.64 and a 200 day moving average of $177.81. The firm has a market capitalization of $702.32 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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 during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company’s stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle 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 completion of the transaction, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Royal Bank Of Canada raised their target price on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. UBS Group raised their target price on shares of Oracle from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Oracle in a research note on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $222.75.

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.