First American Trust FSB Cuts Stake in Oracle Corporation (NYSE:ORCL)
First American Trust FSB reduced its stake in Oracle Corporation (NYSE:ORCL) by 30.9% in Q1, holding 67,895 shares valued at $9.49 million. Several institutional investors also adjusted their positions in Oracle. Insider sales included Clayton M. Magouyrk and Michael D. Sicilia, who sold significant shares. Oracle's stock opened at $250.04, with a market cap of $702.32 billion. The company reported a quarterly EPS of $1.70, exceeding estimates, and announced a quarterly dividend of $0.50 per share, yielding 0.8%.
First American Trust FSB reduced its position in Oracle Corporation (NYSE:ORCL - Free Report) by 30.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,895 shares of the enterprise software provider's stock after selling 30,310 shares during the quarter. First American Trust FSB's holdings in Oracle were worth $9,492,000 at the end of the most recent reporting period.
- Why Options Traders Are Betting Big on Oracle Stock
Several other institutional investors and hedge funds have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC grew its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Oracle
In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This 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 the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock worth $86,521,198 in the last 90 days. 42.20% of the stock is owned by insiders.
Oracle Stock Up 0.3%
- This Fund Manager Says You Should Get Out of Tesla and Apple—Now
ORCL stock opened at $250.04 on Friday. The stock has a market capitalization of $702.32 billion, a P/E ratio of 57.61, a P/E/G ratio of 3.73 and a beta of 1.43. The firm has a 50-day simple moving average of $222.64 and a 200-day simple moving average of $177.81. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87.
Oracle (NYSE:ORCL - Get Free Report) last released its 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. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. Equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.
Oracle Dividend Announcement
- Palantir Gets Price Hike From Wedbush Amid High Valuation
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.
Wall Street Analysts Forecast Growth
ORCL has been the subject of a number of research reports. Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank initiated coverage on shares of Oracle in a research report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 target price for the company. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $222.75.
Read Our Latest Report on ORCL
Oracle Company Profile
(Free Report)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.
See Also
- Five stocks we like better than Oracle
- ETF Screener: Uses and Step-by-Step Guide
- Rocket Lab Reports Q2 Results: Is the Bull Thesis Still Intact?
- Investing In Preferred Stock vs. Common Stock
- Trump GLP-1 Pilot Program Could Boost Novo Nordisk & Eli Lilly
- How to Buy Cheap Stocks Step by Step
- Now Is a Great Time to Buy Cheniere Energy: New High Expected
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Oracle Right Now?
Before you consider Oracle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oracle wasn't on the list.
While Oracle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
