Investment Advisory Services Inc. TX ADV Trims Holdings in Oracle Corporation (NYSE:ORCL)

Investment Advisory Services Inc. TX ADV trimmed its stake in Oracle Corporation (NYSE:ORCL) by 22.8% in the 1st quarter, HoldingsChannel reports. The firm owned 1,943 shares of the enterprise software provider’s stock after selling 573 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in Oracle were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capasso Planning Partners LLC purchased a new stake in shares of Oracle in the first quarter worth $285,000. MFG Wealth Management Inc. bought a new position in Oracle in the 1st quarter worth about $1,613,000. Beech Hill Advisors Inc. grew its position in Oracle by 4.2% during the 1st quarter. Beech Hill Advisors Inc. now owns 32,125 shares of the enterprise software provider’s stock valued at $4,491,000 after purchasing an additional 1,281 shares during the last quarter. KG&L Capital Management LLC purchased a new stake in Oracle during the 1st quarter valued at about $1,111,000. Finally, Balefire LLC increased its stake in Oracle by 21.6% during the 1st quarter. Balefire LLC now owns 14,265 shares of the enterprise software provider’s stock valued at $1,994,000 after purchasing an additional 2,535 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. BMO Capital Markets upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $200.00 to $235.00 in a research note on Friday, June 13th. KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, June 12th. Piper Sandler reiterated a “neutral” rating and set a $130.00 target price on shares of Oracle in a research note on Wednesday, June 11th. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Finally, JMP Securities set a $240.00 price objective on Oracle and gave the stock a “market outperform” rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.67.

Oracle Stock Performance

Shares of NYSE ORCL opened at $210.54 on Thursday. The stock has a market cap of $591.37 billion, a PE ratio of 48.51, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.93. The firm has a fifty day moving average price of $165.09 and a 200-day moving average price of $161.98. 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 issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 EPS. Equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared 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 is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio is presently 46.08%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was 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 owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. Corporate insiders own 42.20% of the company’s stock.

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.