Oracle Corporation (NYSE:ORCL) Stock Position Lessened by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,380 shares of the enterprise software provider’s stock after selling 671 shares during the period. Institute for Wealth Management LLC.’s holdings in Oracle were worth $2,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC bought a new position in Oracle during the fourth quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter valued at about $34,000. Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in Oracle in the fourth quarter worth about $36,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were 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 in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock valued at $80,183,723 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. CIBC restated a “buy” rating on shares of Oracle in a research report on Monday, June 9th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a research report on Wednesday. Cantor Fitzgerald reduced their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Roth Capital reaffirmed a “hold” rating on shares of Oracle in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $196.74.

Oracle Stock Performance

Shares of ORCL stock opened at $210.63 on Thursday. The stock’s 50-day moving average is $157.39 and its two-hundred day moving average is $161.16. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The firm has a market cap of $589.13 billion, a P/E ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 net margin of 21.68% and a return on equity of 87.34%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is currently 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.