Inlet Private Wealth LLC Sells 100 Shares of Oracle Corporation (NYSE:ORCL)

Inlet Private Wealth LLC reduced its holdings in shares of Oracle Corporation (NYSE:ORCL) by 0.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,071 shares of the enterprise software provider’s stock after selling 100 shares during the quarter. Inlet Private Wealth LLC’s holdings in Oracle were worth $3,645,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC increased its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter worth $30,000. Finally, Hurley Capital LLC acquired a new position in Oracle during the fourth quarter worth $33,000. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Oracle stock opened at $245.05 on Monday. The stock’s 50 day moving average is $204.42 and its 200 day moving average is $171.71. 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 firm has a market cap of $688.31 billion, a P/E ratio of 56.46, a P/E/G ratio of 3.66 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Westpark Capital raised their price target on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. CIBC reaffirmed a “buy” rating on shares of Oracle in a report on Monday, June 9th. Finally, Barclays reaffirmed an “overweight” rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $218.29.

Oracle 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.