Ashton Thomas Private Wealth LLC Acquires 3,104 Shares of Oracle Corporation $ORCL

Ashton Thomas Private Wealth LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 13.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,515 shares of the enterprise software provider's stock after buying an additional 3,104 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Oracle were worth $3,567,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted its holdings in shares of 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 buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter valued at $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 2.6%

Shares of Oracle stock opened at $238.78 on Tuesday. 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 50-day moving average of $239.78 and a 200-day moving average of $187.22. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The stock has a market cap of $670.70 billion, a PE ratio of 55.02, a PEG ratio of 3.47 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last released 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. The business 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 for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm earned $1.63 earnings per share. As a group, sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. JPMorgan Chase & Co. lifted their price target on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday. Mizuho boosted their price target on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $232.61.

Insider Buying and Selling at Oracle

In other news, 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 transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the business's 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 transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last ninety days. 42.20% of the stock is owned by corporate insiders.

About Oracle

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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