Pure Portfolios Holdings LLC Trims Stake in Oracle Corporation (NYSE:ORCL)

Pure Portfolios Holdings LLC lowered its position in Oracle Corporation (NYSE:ORCL) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,175 shares of the enterprise software provider’s stock after selling 511 shares during the quarter. Pure Portfolios Holdings LLC’s holdings in Oracle were worth $584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock worth $35,984,000 after buying an additional 107,404 shares during the period. Rockland Trust Co. increased its stake in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after buying an additional 467 shares during the period. Calamos Advisors LLC increased its stake in Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock worth $99,445,000 after buying an additional 10,426 shares during the period. Cornerstone Advisory LLC increased its stake in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after buying an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. bought a new position in Oracle during the 4th quarter worth about $211,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s 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 completion of the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm’s 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 transaction, the director directly owned 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of Oracle stock opened at $237.39 on Friday. The firm 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 company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a 50 day moving average price of $178.14 and a 200 day moving average price of $164.25. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm posted $1.63 EPS. Oracle’s revenue was up 11.3% on a year-over-year basis. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. DA Davidson increased their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. CIBC reiterated a “buy” rating on shares of Oracle in a report on Monday, June 9th. Finally, Evercore ISI reiterated a “buy” rating on shares of Oracle in a report on Wednesday, June 18th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.15.

About Oracle

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.