HF Advisory Group LLC Sells 5,918 Shares of Oracle Corporation $ORCL

HF Advisory Group LLC decreased its holdings in Oracle Corporation (NYSE:ORCL) by 41.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,407 shares of the enterprise software provider’s stock after selling 5,918 shares during the quarter. HF Advisory Group LLC’s holdings in Oracle were worth $2,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Snider Financial Group boosted its stake in shares of Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after buying an additional 40 shares during the period. SNS Financial Group LLC raised its holdings in Oracle by 0.9% in the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after acquiring an additional 42 shares in the last quarter. PKS Advisory Services LLC raised its holdings in Oracle by 1.9% in the 2nd quarter. PKS Advisory Services LLC now owns 2,211 shares of the enterprise software provider’s stock valued at $483,000 after acquiring an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. lifted its position in shares of Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 43 shares during the period. Finally, Creative Capital Management Investments LLC grew its holdings in shares of Oracle by 5.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock worth $174,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $188.52 on Wednesday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $541.65 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.69 and a beta of 1.66. The firm has a 50 day simple moving average of $241.52 and a 200 day simple moving average of $242.25.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. The firm had revenue of $16.06 billion for the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, January 9th. Oracle’s dividend payout ratio is presently 37.59%.

Insider Transactions at Oracle

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the sale, the director owned 151,999 shares in the company, valued at approximately $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 155,190 shares of company stock valued at $45,279,001. 40.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 23rd. JMP Securities restated a “market outperform” rating and issued a $342.00 target price on shares of Oracle in a research report on Friday, October 17th. Barclays set a $310.00 price target on shares of Oracle in a report on Thursday, December 11th. Sanford C. Bernstein decreased their price objective on shares of Oracle from $364.00 to $339.00 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on Oracle from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $302.92.

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.