Chicago Partners Investment Group LLC Increases Stock Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Chicago Partners Investment Group LLC increased its holdings in Oracle Corporation by 5.2% during the first quarter, now owning 20,655 shares valued at approximately $3.1 million.
• Wall Street analysts are optimistic about Oracle, with firms like TD Cowen and Piper Sandler raising their price targets significantly, resulting in a consensus rating of "Moderate Buy".
• Oracle recently declared a quarterly dividend of $0.50, representing a 0.8% yield, with a payout ratio of 46.08%.

Chicago Partners Investment Group LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,655 shares of the enterprise software provider's stock after buying an additional 1,022 shares during the period. Chicago Partners Investment Group LLC's holdings in Oracle were worth $3,085,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Greenwood Gearhart Inc. increased its stake in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares during the period. Flynn Zito Capital Management LLC increased its position in Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after acquiring an additional 71 shares during the period. Tiller Private Wealth Inc. raised its stake in shares of Oracle by 4.6% during the first 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 last quarter. Private Wealth Management Group LLC lifted its holdings in shares of Oracle by 14.9% during the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after purchasing an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. grew its stake in shares of Oracle by 4.8% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after purchasing an additional 72 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen upped their price target on Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and increased their target price for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. UBS Group boosted their price target on shares of Oracle from $250.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Barclays reiterated an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.75.

Oracle Stock Performance

Shares of ORCL traded up $0.65 during mid-day trading on Friday, hitting $250.04. The stock had a trading volume of 8,301,832 shares, compared to its average volume of 10,356,510. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day moving average price of $222.64 and a 200-day moving average price of $177.85. The firm has a market cap of $702.32 billion, a P/E ratio of 57.61, a PEG ratio of 3.72 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction dated 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 of the company's stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 in the last 90 days. 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.