Oracle Corporation (NYSE:ORCL) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its holdings in Oracle Corporation (NYSE:ORCL) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,482 shares of the enterprise software provider’s stock after selling 624 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in Oracle were worth $3,982,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC purchased a new stake in Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new stake in Oracle during the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the 4th quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Oracle during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ORCL shares. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. JMP Securities set a $240.00 price objective on shares of Oracle and gave the company a “market outperform” rating in a research note on Thursday, June 12th. Evercore ISI reaffirmed a “buy” rating on shares of Oracle in a research note on Wednesday. Stephens started coverage on shares of Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective for the company. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.74.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider now directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last ninety days. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 2.8%

Shares of NYSE:ORCL opened at $205.06 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60. The company’s 50 day moving average is $160.39 and its two-hundred day moving average is $161.52. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The company has a market cap of $573.53 billion, a PE ratio of 47.25, a P/E/G ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL) last announced its quarterly 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the business earned $1.63 EPS. Oracle’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.98%. Oracle’s dividend payout ratio 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.