Keystone Financial Services Lowers Holdings in Oracle Corporation (NYSE:ORCL)

Keystone Financial Services decreased its stake in Oracle Corporation (NYSE:ORCL) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,605 shares of the enterprise software provider’s stock after selling 317 shares during the quarter. Oracle makes up 0.6% of Keystone Financial Services’ holdings, making the stock its 23rd largest position. Keystone Financial Services’ holdings in Oracle were worth $1,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Rockland Trust Co. boosted its position in Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares in the last quarter. Cornerstone Advisory LLC boosted its position in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after purchasing an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. purchased a new position in Oracle during the fourth quarter worth approximately $211,000. Secure Asset Management LLC boosted its position in Oracle by 21.8% during the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after purchasing an additional 2,365 shares in the last quarter. Finally, City National Bank of Florida MSD purchased a new position in Oracle during the fourth quarter worth approximately $274,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays restated an “overweight” rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Roth Capital reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Oppenheimer reaffirmed an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. KeyCorp increased their price target on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Oracle in a report on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.74.

Oracle Trading Up 0.9%

Shares of NYSE ORCL opened at $207.08 on Tuesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. The stock has a market capitalization of $581.65 billion, a PE ratio of 47.71, a PEG ratio of 3.08 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a fifty day simple moving average of $161.85 and a 200-day simple moving average of $161.26.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period in the previous year, the firm posted $1.63 EPS. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.97%. Oracle’s payout ratio is 46.08%.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated 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 sale, the insider now directly owns 60,722 shares of the company’s stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock valued at $83,395,223 in the last three months. 42.20% of the stock is owned by corporate 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.