Oracle Corporation (NYSE:ORCL) Shares Sold by Wayfinding Financial LLC

Wayfinding Financial LLC trimmed its position in Oracle Corporation (NYSE:ORCL) by 18.7% during the first quarter, Holdings Channel.com reports. The firm owned 1,587 shares of the enterprise software provider’s stock after selling 365 shares during the period. Wayfinding Financial LLC’s holdings in Oracle were worth $221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the 1st quarter worth about $28,000. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the 4th quarter worth about $30,000. Hurley Capital LLC purchased a new position in shares of Oracle during the 4th quarter worth about $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the 4th quarter worth about $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 440,366 shares of company stock valued at $83,103,603. Company insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ORCL shares. KeyCorp increased 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. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. DA Davidson increased their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. TD Cowen increased their price objective on shares of Oracle from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Ten investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $204.15.

Oracle Stock Up 3.2%

ORCL stock opened at $237.39 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $237.99. 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 company has a market capitalization of $666.79 billion, a P/E ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39. The firm has a 50 day simple moving average of $178.14 and a 200-day simple moving average of $164.26.

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

Oracle Announces Dividend

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 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.