Advyzon Investment Management LLC Boosts Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Advyzon Investment Management LLC increased its stake in Oracle Corporation by 59.8% during the first quarter, owning a total of 5,312 shares valued at approximately $743,000.
• Oracle's recent quarterly earnings report showed $1.70 EPS, exceeding analysts' expectations, with revenues of $15.90 billion, reflecting an 11.3% year-over-year growth.
• The firm declared a quarterly dividend of $0.50 per share, resulting in an annualized payout of $2.00 and a dividend yield of 0.8%.

Advyzon Investment Management LLC boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 59.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,312 shares of the enterprise software provider's stock after buying an additional 1,987 shares during the quarter. Advyzon Investment Management LLC's holdings in Oracle were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% during the 1st 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 during the last quarter. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the 4th quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 3.4%

Shares of ORCL opened at $252.77 on Tuesday. The firm has a market cap of $709.99 billion, a P/E ratio of 58.24, a price-to-earnings-growth ratio of 3.65 and a beta of 1.43. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87. The company's 50-day moving average price is $215.48 and its 200 day moving average price is $175.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

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 (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's payout ratio is 46.08%.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred 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 completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 428,303 shares of company stock valued at $82,480,056. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, KeyCorp lifted their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

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.

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