Oracle Co. (NYSE:ORCL) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC cut its stake in Oracle Co. (NYSE:ORCL) by 25.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,473 shares of the enterprise software provider’s stock after selling 1,161 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Oracle were worth $486,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter worth $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Oracle in the 4th quarter worth $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ORCL shares. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Morgan Stanley reaffirmed a “positive” rating on shares of Oracle in a research note on Monday. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho cut their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Citigroup raised their target price on Oracle from $160.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, June 9th. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.32.

Oracle Stock Performance

NYSE ORCL opened at $215.54 on Friday. The company has a market cap of $602.86 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50-day moving average of $152.88 and a two-hundred day moving average of $160.62. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 EPS. As a group, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is presently 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.