Acorns Advisers LLC Grows Stock Holdings in Oracle Corporation $ORCL

Key Points

• Acorns Advisers LLC has increased its holdings in Oracle Corporation by 63.4%, acquiring an additional 1,051 shares, bringing its total shares to 2,710 valued at approximately $379,000.
• Research analysts have upgraded Oracle's stock, with Bank of America raising its rating to buy and setting a price target of $368.00, indicating positive forecasts for the company's growth.
• Oracle declared a quarterly dividend of $0.50 per share, with the payment scheduled for October 23rd, representing a 0.8% dividend yield.

Acorns Advisers LLC lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 63.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,710 shares of the enterprise software provider's stock after acquiring an additional 1,051 shares during the period. Acorns Advisers LLC's holdings in Oracle were worth $379,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter worth about $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of the firm'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 transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,183 shares of company stock worth $10,353,198. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL traded down $15.79 during mid-day trading on Friday, hitting $292.07. The company's stock had a trading volume of 51,618,969 shares, compared to its average volume of 13,335,661. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. The stock has a market cap of $820.37 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.91 and a beta of 1.46. The business's fifty day moving average is $243.59 and its two-hundred day moving average is $189.52.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is 46.08%.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Wolfe Research lifted their price objective on shares of Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday. DA Davidson lifted their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and an average target price of $296.84.

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.