First Foundation Advisors Sells 102 Shares of Oracle Co. (NYSE:ORCL)

First Foundation Advisors decreased its stake in Oracle Co. (NYSE:ORCL) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,240 shares of the enterprise software provider’s stock after selling 102 shares during the period. First Foundation Advisors’ holdings in Oracle were worth $1,412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new position in Oracle during the first quarter valued at $25,000. Tidemark LLC bought a new position in shares of Oracle during the 4th quarter worth $29,000. Frank Rimerman Advisors LLC purchased a new stake in Oracle in the 4th quarter worth about $30,000. Alaska Permanent Fund Corp bought a new stake in Oracle in the 1st quarter valued at about $36,000. Finally, Nordwand Advisors LLC purchased a new stake in Oracle during the fourth quarter valued at about $30,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,952,500 shares of company stock worth $277,298,174. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.4 %

Shares of ORCL traded up $0.53 on Friday, reaching $138.56. The stock had a trading volume of 6,111,941 shares, compared to its average volume of 8,345,269. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The firm has a market capitalization of $381.85 billion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.02. The company has a 50-day simple moving average of $133.18 and a 200-day simple moving average of $122.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. Sell-side analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio is 43.13%.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Guggenheim reissued a “buy” rating and issued a $175.00 price target on shares of Oracle in a research report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Piper Sandler reiterated an “overweight” rating and set a $150.00 price objective on shares of Oracle in a research note on Friday, July 12th. Finally, Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $145.83.

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.