Charles Schwab Investment Management Inc. Buys 94,236 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Oracle Corporation to 10,975,191 shares, a 0.9% rise due to an additional purchase of 94,236 shares.
• Oracle's stock has received multiple buy ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $222.75.
• Oracle announced a quarterly dividend of $0.50 per share, amounting to an annualized dividend of $2.00 and a yield of 0.8%.

Charles Schwab Investment Management Inc. raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,975,191 shares of the enterprise software provider's stock after purchasing an additional 94,236 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.39% of Oracle worth $1,534,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its position in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter valued at $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price on the stock. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, UBS Group upped their price objective on Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Nine 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 company's stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average price target of $222.75.

Oracle Stock Performance

NYSE:ORCL traded down $7.05 during mid-day trading on Thursday, reaching $249.38. The company's stock had a trading volume of 11,938,634 shares, compared to its average volume of 10,333,115. 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 stock has a market cap of $700.47 billion, a P/E ratio of 57.46, a PEG ratio of 3.83 and a beta of 1.43. The firm's fifty day moving average price is $220.94 and its two-hundred day moving average price is $177.32. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the previous year, the company earned $1.63 earnings per share. The firm's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Transactions at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on 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 sale, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Oracle 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.