Cary Street Partners Financial LLC Has $4.95 Million Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• Cary Street Partners Financial LLC increased its stake in Oracle Corporation by 131.6%, acquiring 20,134 shares to bring its total holdings to 35,435 shares worth approximately $4.95 million.
• Institutional investors now own 42.44% of Oracle's stock, with several notable funds including Northern Trust Corp and GAMMA Investing LLC significantly increasing their positions during the previous quarters.
• Oracle's recent earnings report showed strong performance, with $15.90 billion in revenue and an EPS of $1.70, surpassing analysts' expectations.

Cary Street Partners Financial LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 131.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,435 shares of the enterprise software provider's stock after purchasing an additional 20,134 shares during the quarter. Cary Street Partners Financial LLC's holdings in Oracle were worth $4,954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC lifted its position in Oracle by 59.8% in the 1st quarter. Advyzon Investment Management LLC now owns 5,312 shares of the enterprise software provider's stock valued at $743,000 after acquiring an additional 1,987 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in shares of Oracle by 90.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 72,145 shares of the enterprise software provider's stock valued at $10,087,000 after acquiring an additional 34,327 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Oracle by 2.9% during the first quarter. Thoroughbred Financial Services LLC now owns 22,325 shares of the enterprise software provider's stock worth $3,121,000 after purchasing an additional 627 shares during the last quarter. Tiller Private Wealth Inc. boosted its holdings in Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after acquiring an additional 71 shares during the period. Finally, MWA Asset Management raised its holdings in shares of Oracle by 95.5% during the first quarter. MWA Asset Management now owns 5,554 shares of the enterprise software provider's stock valued at $777,000 after acquiring an additional 2,713 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was 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 directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 428,303 shares of company stock worth $82,480,056 over the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Oracle stock traded up $0.85 during mid-day trading on Wednesday, reaching $256.52. The company's stock had a trading volume of 9,919,562 shares, compared to its average volume of 10,380,186. 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 Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The business has a 50 day moving average price of $217.36 and a 200-day moving average price of $176.15. The firm has a market cap of $720.51 billion, a price-to-earnings ratio of 59.11, a PEG ratio of 3.81 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. BMO Capital Markets raised their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Evercore ISI increased their price target on Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $222.75.

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.