Acorns Advisers LLC Acquires 1,051 Shares of 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 raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 63.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,710 shares of the enterprise software provider's stock after buying an additional 1,051 shares during the period. Acorns Advisers LLC's holdings in Oracle were worth $379,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle during the fourth quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the fourth quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on ORCL shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. BMO Capital Markets set a $345.00 price objective on shares of Oracle in a research note on Wednesday. Cowen reaffirmed a "buy" rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday. Finally, Royal Bank Of Canada raised their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $296.84.

Oracle Stock Down 5.1%

Shares of NYSE:ORCL traded down $15.79 during trading on Friday, reaching $292.07. 51,618,969 shares of the company traded hands, compared to its average volume of 20,941,788. The firm has a fifty day simple moving average of $244.69 and a 200 day simple moving average of $190.50. The firm has a market cap of $820.38 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

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

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is 46.30%.

Insider Activity at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction dated Monday, July 7th. The shares were acquired at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is currently owned by company insiders.

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.