4,179 Shares in Oracle Corporation (NYSE:ORCL) Bought by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC KS acquired 4,179 shares of Oracle Corporation, valued at approximately $584,000, indicating growing institutional interest in the company.
• Oracle's quarterly dividend of $0.50 per share was recently paid, translating to an annualized dividend yield of 0.82%.
• Oracle reported earnings per share (EPS) of $1.70 for the last quarter, surpassing analysts' expectations, with revenues up by 11.3% year-over-year.

Caliber Wealth Management LLC KS purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,179 shares of the enterprise software provider's stock, valued at approximately $584,000.

Several other hedge funds also recently added to or reduced their stakes in ORCL. GAMMA Investing LLC grew its stake in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after purchasing an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock valued at $512,909,000 after buying an additional 2,242,520 shares during the period. Northern Trust Corp boosted its holdings in shares of Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after buying an additional 2,176,892 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after buying an additional 1,722,037 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock valued at $85,555,309 over the last three months. 42.20% of the stock is owned by insiders.

Oracle Stock Up 0.9%

NYSE ORCL opened at $245.05 on Friday. 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 company's 50 day simple moving average is $204.42 and its 200 day simple moving average is $171.59. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The company has a market capitalization of $688.31 billion, a P/E ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $15.58 billion. During the same period in the previous year, the firm earned $1.63 EPS. The business's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's dividend payout ratio is currently 46.08%.

Analyst Ratings Changes

ORCL has been the subject of several research reports. Cowen reaffirmed a "buy" rating on shares of Oracle in a report on Thursday, June 12th. KeyCorp lifted their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Evercore ISI lifted their price target on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Roth Capital reaffirmed a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Company 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.

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