Oracle Co. (NYSE:ORCL) Shares Sold by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC reduced its position in Oracle Co. (NYSE:ORCL) by 14.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,164 shares of the enterprise software provider’s stock after selling 531 shares during the period. Hexagon Capital Partners LLC’s holdings in Oracle were worth $397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Consilio Wealth Advisors LLC purchased a new position in Oracle in the first quarter valued at about $370,000. Claro Advisors LLC grew its position in Oracle by 8.2% in the first quarter. Claro Advisors LLC now owns 16,809 shares of the enterprise software provider’s stock valued at $2,111,000 after acquiring an additional 1,275 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in Oracle by 1.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 14,364 shares of the enterprise software provider’s stock worth $1,804,000 after buying an additional 271 shares during the period. Little House Capital LLC boosted its position in Oracle by 29.8% in the 1st quarter. Little House Capital LLC now owns 33,625 shares of the enterprise software provider’s stock valued at $4,224,000 after buying an additional 7,712 shares during the last quarter. Finally, Kowal Investment Group LLC grew its stake in shares of Oracle by 26.5% during the first quarter. Kowal Investment Group LLC now owns 4,267 shares of the enterprise software provider’s stock valued at $536,000 after acquiring an additional 895 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. The Goldman Sachs Group upped their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Stifel Nicolaus increased their price target on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Trading Up 1.3 %

Oracle stock opened at $143.09 on Tuesday. The firm has a 50-day moving average price of $125.24 and a two-hundred day moving average price of $118.19. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $145.32. The firm has a market capitalization of $394.34 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.56 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.35 earnings per share. Sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of the business’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 directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 over the last 90 days. 42.80% of the stock is currently owned by company insiders.

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.