Canvas Wealth Advisors LLC Has $739,000 Stake in Oracle Corporation (NYSE:ORCL)

Canvas Wealth Advisors LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 42.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,808 shares of the enterprise software provider's stock after buying an additional 1,718 shares during the period. Canvas Wealth Advisors LLC's holdings in Oracle were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cookson Peirce & Co. Inc. boosted its position in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after purchasing an additional 60 shares during the last quarter. Greenwood Gearhart Inc. boosted its holdings in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the last quarter. WorthPointe LLC boosted its holdings in Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares during the last quarter. CORDA Investment Management LLC. grew its position in shares of Oracle by 0.9% during the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after buying an additional 68 shares during the period. Finally, Stage Harbor Financial LLC increased its stake in Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after purchasing an additional 68 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORCL has been the subject of several research analyst reports. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Stifel Nicolaus boosted their target price on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research note on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Piper Sandler reiterated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a research report on Wednesday, June 11th. Finally, JMP Securities set a $240.00 target price on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Oracle Stock Performance

ORCL opened at $213.28 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $216.93. The business has a 50 day moving average of $166.79 and a 200-day moving average of $162.13. The stock has a market cap of $599.07 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock worth $83,395,223. Company insiders own 42.20% of the company's stock.

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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