CreativeOne Wealth LLC Sells 2,463 Shares of Oracle Corporation $ORCL

Key Points

• CreativeOne Wealth LLC sold 2,463 shares of Oracle Corporation, reducing its stake by 11.2% to 19,577 shares worth approximately $2.74 million.
• Oracle's latest quarterly earnings surpassed analyst expectations, reporting $1.70 EPS and $15.90 billion in revenue, reflecting an 11.3% year-over-year increase.
• Several large investors significantly increased their holdings in Oracle, including GAMMA Investing LLC which raised its stake by 15,012.3%, accumulating 4.75 million shares.

CreativeOne Wealth LLC decreased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,577 shares of the enterprise software provider's stock after selling 2,463 shares during the period. CreativeOne Wealth LLC's holdings in Oracle were worth $2,737,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ORCL. Nuveen LLC bought a new stake in shares of Oracle during the first quarter worth $732,692,000. GAMMA Investing LLC increased its position in shares of Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after purchasing an additional 2,049,687 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock opened at $235.87 on Thursday. The stock has a market cap of $662.51 billion, a P/E ratio of 54.35, a P/E/G ratio of 3.50 and a beta of 1.43. 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 company has a fifty day moving average price of $236.89 and a two-hundred day moving average price of $184.08. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87.

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 analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. As a group, equities analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. UBS Group raised their target price on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. TD Cowen raised their target price on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays reaffirmed an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by company insiders.

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.

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