CBIZ Investment Advisory Services LLC Buys 1,336 Shares of Oracle Corporation (NYSE:ORCL)

CBIZ Investment Advisory Services LLC raised its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 222.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,937 shares of the enterprise software provider's stock after purchasing 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 large investors have also added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. Finally, Hurley Capital LLC purchased a new stake in Oracle during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $4.39 during midday trading on Wednesday, reaching $242.50. 3,478,168 shares of the company were exchanged, compared to its average volume of 10,355,722. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The business's fifty day moving average is $196.21 and its two-hundred day moving average is $168.97. The stock has a market cap of $681.14 billion, a PE ratio of 55.66, a price-to-earnings-growth ratio of 3.63 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the company earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. TD Cowen upped their price target on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Westpark Capital upped their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Royal Bank Of Canada upped their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Scotiabank initiated coverage on Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $218.29.

Insider Activity

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm'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 value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock worth $85,555,309 over the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle Company Profile

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.