CBIZ Investment Advisory Services LLC Boosts Stock Position in Oracle Corporation (NYSE:ORCL)

CBIZ Investment Advisory Services LLC increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 222.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,937 shares of the enterprise software provider's stock after acquiring an additional 1,336 shares during the quarter. CBIZ Investment Advisory Services LLC's holdings in Oracle were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after acquiring an additional 107,404 shares in the last quarter. Rockland Trust Co. lifted its holdings in Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after purchasing an additional 467 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC lifted its holdings in shares of Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after buying an additional 3,299 shares in the last quarter. Finally, Peak Retirement Planning Inc. purchased a new stake in Oracle in the fourth quarter valued at approximately $211,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 2.7%

ORCL stock traded down $6.55 during midday trading on Tuesday, reaching $237.00. The company's stock had a trading volume of 8,061,308 shares, compared to its average volume of 10,350,610. The firm has a market capitalization of $665.68 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 3.66 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $251.60. The stock has a fifty day simple moving average of $196.21 and a two-hundred day simple moving average of $168.97.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 earnings per share. On average, equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ORCL shares. DA Davidson raised their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Barclays reissued an "overweight" rating and set a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. KeyCorp raised their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. 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, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock valued at $85,555,309 over the last 90 days. 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.