Ifrah Financial Services Inc. Sells 675 Shares of Oracle Corporation (NYSE:ORCL)

Ifrah Financial Services Inc. trimmed its position in Oracle Corporation (NYSE:ORCL) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,420 shares of the enterprise software provider’s stock after selling 675 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Oracle were worth $1,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Greenwood Gearhart Inc. raised its holdings in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after purchasing an additional 66 shares during the period. WorthPointe LLC raised its holdings in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock valued at $289,000 after purchasing an additional 67 shares during the period. Stage Harbor Financial LLC raised its holdings in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider’s stock valued at $239,000 after purchasing an additional 68 shares during the period. J. L. Bainbridge & Co. Inc. raised its holdings in shares of Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider’s stock valued at $226,000 after purchasing an additional 70 shares during the period. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Oracle by 0.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider’s stock valued at $1,881,000 after purchasing an additional 70 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Activity

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director owned 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 440,366 shares of company stock worth $83,103,603. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $237.39 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39. The firm’s 50 day simple moving average is $178.14 and its 200 day simple moving average is $164.25. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $237.99.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. As a group, research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. Oracle’s dividend payout ratio is 46.08%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. UBS Group set a $250.00 price target on shares of Oracle and gave the company a “buy” rating in a report on Wednesday, June 25th. Piper Sandler reissued a “neutral” rating and issued a $130.00 price target on shares of Oracle in a report on Wednesday, June 11th. Citigroup reissued an “outperform” rating on shares of Oracle in a report on Thursday, June 12th. Finally, Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.15.

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.