AE Wealth Management LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 77,116 shares of the enterprise software provider's stock after acquiring an additional 15,556 shares during the period. AE Wealth Management LLC's holdings in Oracle were worth $10,782,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC lifted its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at about $33,000. Institutional investors own 42.44% of the company's stock.
Oracle Stock Performance
Shares of ORCL traded up $2.22 during mid-day trading on Friday, hitting $245.05. The company's stock had a trading volume of 7,146,126 shares, compared to its average volume of 13,472,494. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $688.31 billion, a PE ratio of 56.46, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. The stock's 50-day moving average is $204.42 and its two-hundred day moving average is $171.65.
Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid 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 0.82%. Oracle's payout ratio is 46.08%.
Insider Activity
In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is owned by company insiders.
Analyst Ratings Changes
ORCL has been the topic of several recent analyst reports. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Bank of America boosted their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, UBS Group boosted their price objective on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. 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 company. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $218.29.
View Our Latest Stock Analysis on ORCL
Oracle Profile
(
Free Report)
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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