Oracle Corporation (NYSE:ORCL) Shares Sold by Corundum Group Inc.

Corundum Group Inc. lowered its holdings in Oracle Corporation (NYSE:ORCL) by 43.4% in the first quarter, Holdings Channel.com reports. The fund owned 8,408 shares of the enterprise software provider’s stock after selling 6,460 shares during the quarter. Corundum Group Inc.’s holdings in Oracle were worth $1,176,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $33,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the first quarter valued at approximately $28,000. Synergy Investment Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Oracle in the 4th quarter worth approximately $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the company’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 sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

NYSE:ORCL opened at $215.39 on Wednesday. The firm has a market capitalization of $604.99 billion, a PE ratio of 49.63, a PEG ratio of 3.10 and a beta of 1.32. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. 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’s fifty day simple moving average is $163.48 and its 200 day simple moving average is $161.64.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Cowen reissued a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Morgan Stanley reissued an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. UBS Group reiterated a “buy” rating and issued a $225.00 price target (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $196.74.

Oracle Company 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.