Oracle Co. (NYSE:ORCL) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management reduced its stake in shares of Oracle Co. (NYSE:ORCL) by 3.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,323 shares of the enterprise software provider’s stock after selling 151 shares during the quarter. Bar Harbor Wealth Management’s holdings in Oracle were worth $604,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Norges Bank acquired a new stake in Oracle during the 4th quarter worth about $2,216,314,000. Raymond James Financial Inc. acquired a new stake in Oracle during the 4th quarter worth about $930,095,000. GAMMA Investing LLC boosted its stake in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after acquiring an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle 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 sale, the insider now owns 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 in the last 90 days. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 7.8%

ORCL opened at $215.54 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $152.88 and its two-hundred day simple moving average is $160.62. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60. The firm has a market capitalization of $602.86 billion, a price-to-earnings ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last released its 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 21.16% and a return on equity of 133.25%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company posted $1.63 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 46.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ORCL shares. Citigroup raised their target price on Oracle from $160.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, June 9th. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday. JMP Securities raised their target price on Oracle from $205.00 to $240.00 and gave the company a “market outperform” rating in a research report on Thursday. Evercore ISI raised their target price on Oracle from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.32.

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.