Marks Group Wealth Management Inc Sells 141 Shares of Oracle Corporation (NYSE:ORCL)

by · The Cerbat Gem

Marks Group Wealth Management Inc decreased its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,039 shares of the enterprise software provider’s stock after selling 141 shares during the period. Marks Group Wealth Management Inc’s holdings in Oracle were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after purchasing an additional 107,404 shares during the period. Rockland Trust Co. boosted its stake in shares of Oracle by 4.8% during the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after purchasing an additional 467 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after buying an additional 10,426 shares during the period. Cornerstone Advisory LLC raised its stake in Oracle by 34.1% in the fourth 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 in the last quarter. Finally, Peak Retirement Planning Inc. purchased a new stake in Oracle in the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of Oracle 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 approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Down 1.9%

ORCL stock opened at $230.45 on Monday. The company has a market cap of $647.29 billion, a price-to-earnings ratio of 53.10, a P/E/G ratio of 3.45 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The business’s 50-day moving average is $187.16 and its two-hundred day moving average is $166.42. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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 yield of 0.87%. Oracle’s dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORCL shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. JPMorgan Chase & Co. increased their price objective on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Mizuho lowered their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus raised shares of Oracle from a “hold” rating to a “buy” rating and upped their target price for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $209.33.

Get Our Latest Stock Report on Oracle

About Oracle

(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

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL – Free Report).