Oakwell Private Wealth Management LLC Takes $695,000 Position in Oracle Corporation (NYSE:ORCL)

Oakwell Private Wealth Management LLC bought a new stake 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 firm bought 4,971 shares of the enterprise software provider's stock, valued at approximately $695,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Greenwood Gearhart Inc. grew its holdings in Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the last quarter. WorthPointe LLC lifted its position in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares during the period. Stage Harbor Financial LLC lifted its position in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares during the period. Prestige Wealth Management Group LLC lifted its position in shares of Oracle by 0.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after purchasing an additional 70 shares during the period. Finally, Hurlow Wealth Management Group Inc. lifted its position in shares of Oracle by 1.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after purchasing an additional 70 shares during the period. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% 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, 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 transaction of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company's stock, valued at $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. Insiders have sold 448,669 shares of company stock valued at $85,555,309 in the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded up $1.57 during trading hours on Friday, reaching $244.40. The company had a trading volume of 3,253,142 shares, compared to its average volume of 12,148,375. The business has a fifty day moving average price of $202.72 and a 200-day moving average price of $171.02. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The firm has a market cap of $686.48 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly 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 firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the business posted $1.63 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JMP Securities raised their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Scotiabank started coverage on shares of Oracle in a research report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price for the company. Finally, Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Oracle presently has an average 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.