First Foundation Advisors Sells 1,272 Shares of Oracle Corporation (NYSE:ORCL)

First Foundation Advisors decreased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,909 shares of the enterprise software provider’s stock after selling 1,272 shares during the period. First Foundation Advisors’ holdings in Oracle were worth $1,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Brighton Jones LLC lifted its stake in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares during the period. Revolve Wealth Partners LLC increased its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Wellington Management Group LLP increased its holdings in Oracle by 200.4% during the 4th quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider’s stock worth $28,743,000 after purchasing an additional 115,059 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in Oracle by 128.3% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 36,525 shares of the enterprise software provider’s stock worth $6,087,000 after purchasing an additional 20,527 shares in the last quarter. Finally, Gibson Capital LLC boosted its stake in shares of Oracle by 4.7% during the 4th quarter. Gibson Capital LLC now owns 2,320 shares of the enterprise software provider’s stock worth $387,000 after buying an additional 105 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. Morgan Stanley restated an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. JMP Securities raised their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a “market outperform” rating in a research report on Friday, July 18th. Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank assumed coverage on shares of Oracle in a research report on Thursday, July 17th. They set a “sector outperform” rating and a $300.00 price objective for the company. Finally, Royal Bank Of Canada raised their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.29.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 448,669 shares of company stock worth $85,555,309. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $250.01 on Wednesday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $253.07. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $702.22 billion, a PE ratio of 57.60, a P/E/G ratio of 3.70 and a beta of 1.39. The company’s 50 day simple moving average is $207.98 and its two-hundred day simple moving average is $172.90.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the prior year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, July 10th. Oracle’s payout ratio is 46.08%.

About Oracle

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.