JSF Financial LLC Sells 89 Shares of Oracle Corporation (NYSE:ORCL)

JSF Financial LLC reduced its stake in shares of Oracle Corporation (NYSE:ORCL) by 3.3% during the 1st quarter, HoldingsChannel reports. The fund owned 2,601 shares of the enterprise software provider’s stock after selling 89 shares during the period. JSF Financial LLC’s holdings in Oracle were worth $364,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Ramirez Asset Management Inc. purchased a new position in shares of Oracle during the first quarter valued at approximately $543,000. Marco Investment Management LLC boosted its position in shares of Oracle by 1.7% during the first quarter. Marco Investment Management LLC now owns 120,197 shares of the enterprise software provider’s stock valued at $16,805,000 after buying an additional 2,063 shares during the period. Viawealth LLC boosted its position in shares of Oracle by 37.6% during the first quarter. Viawealth LLC now owns 5,223 shares of the enterprise software provider’s stock valued at $730,000 after buying an additional 1,427 shares during the period. Patten & Patten Inc. TN boosted its position in shares of Oracle by 11.5% during the first quarter. Patten & Patten Inc. TN now owns 10,861 shares of the enterprise software provider’s stock valued at $1,518,000 after buying an additional 1,122 shares during the period. Finally, Evermay Wealth Management LLC boosted its position in shares of Oracle by 3.8% during the first quarter. Evermay Wealth Management LLC now owns 5,479 shares of the enterprise software provider’s stock valued at $766,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ORCL. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. UBS Group boosted their target price on Oracle from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. KeyCorp boosted 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. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Finally, Piper Sandler upgraded Oracle from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Nine equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $218.29.

Oracle Price Performance

NYSE ORCL opened at $247.68 on Tuesday. 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’s fifty day moving average price is $206.18 and its 200 day moving average price is $172.36. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.60. The company has a market cap of $695.69 billion, a price-to-earnings ratio of 57.07, a PEG ratio of 3.66 and a beta of 1.39.

Oracle (NYSE:ORCL) last released its 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 the consensus estimate of $15.58 billion. During the same period in the prior year, the firm earned $1.63 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, July 10th. Oracle’s payout ratio is 46.08%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 over the last 90 days. Insiders own 42.20% of the company’s stock.

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.