Fox Hill Wealth Management Lowers Stake in Oracle Corporation $ORCL

Fox Hill Wealth Management reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,113 shares of the enterprise software provider’s stock after selling 281 shares during the period. Oracle accounts for approximately 1.7% of Fox Hill Wealth Management’s investment portfolio, making the stock its 17th biggest holding. Fox Hill Wealth Management’s holdings in Oracle were worth $3,304,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Greenfield Savings Bank grew its position in Oracle by 0.6% during the 2nd quarter. Greenfield Savings Bank now owns 9,117 shares of the enterprise software provider’s stock worth $1,993,000 after purchasing an additional 53 shares during the last quarter. Clarkston Capital Partners LLC grew its position in Oracle by 1.1% during the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider’s stock worth $879,000 after purchasing an additional 68 shares during the last quarter. Tacita Capital Inc grew its position in Oracle by 6.0% during the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider’s stock worth $174,000 after purchasing an additional 70 shares during the last quarter. Flynn Zito Capital Management LLC grew its position in Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider’s stock worth $606,000 after purchasing an additional 71 shares during the last quarter. Finally, Tiller Private Wealth Inc. grew its position in Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $224,000 after purchasing an additional 71 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 5.1%

Shares of NYSE ORCL opened at $292.07 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The firm has a 50-day moving average price of $244.69 and a 200 day moving average price of $190.50. The stock has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The firm had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the business earned $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is 46.30%.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. Westpark Capital raised their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Oppenheimer restated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, KeyCorp raised their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $296.84.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider owned 99,212 shares of the company’s stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,183 shares of company stock valued at $10,353,198. 42.20% of the stock is owned by company insiders.

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.