Atria Wealth Solutions Inc. Decreases Stock Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in Oracle Corporation by 3.1%, selling 2,263 shares in the first quarter, leaving them with a total of 71,880 shares valued at approximately $10 million.
• Insider trading activity includes Director Naomi O. Seligman selling 3,303 shares for over $770,000, while another Director, Rona Alison Fairhead, bought 480 shares for about $112,000, indicating mixed confidence among insiders.
• Oracle announced a quarterly dividend of $0.50 per share on July 24th, representing a 0.8% yield and a payout ratio of 46.08%.

Atria Wealth Solutions Inc. cut its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,880 shares of the enterprise software provider's stock after selling 2,263 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Oracle were worth $10,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Oracle by 200.4% during the 4th quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock worth $28,743,000 after purchasing an additional 115,059 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Oracle by 130.3% during the fourth quarter. Bank of Nova Scotia now owns 665,244 shares of the enterprise software provider's stock worth $110,857,000 after purchasing an additional 376,363 shares in the last quarter. Finally, Cooper Haims Advisors LLC increased its holdings in Oracle by 15.0% in the fourth quarter. Cooper Haims Advisors LLC now owns 2,248 shares of the enterprise software provider's stock valued at $375,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded up $0.85 on Wednesday, hitting $256.52. 9,919,562 shares of the company's stock were exchanged, compared to its average volume of 10,380,186. The firm has a market cap of $720.51 billion, a price-to-earnings ratio of 59.11, a P/E/G ratio of 3.81 and a beta of 1.43. The firm's 50-day moving average price is $217.36 and its two-hundred day moving average price is $176.15. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 earnings per share. On average, research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Ratings Changes

Several research firms have recently issued reports on ORCL. Scotiabank assumed coverage on Oracle in a research report on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price objective for the company. JMP Securities upped their price target on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a report on Friday, July 18th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $222.75.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the business'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. The trade was a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 428,303 shares of company stock valued at $82,480,056. 42.20% of the stock is owned by company 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.