CW Advisors LLC Purchases 19,666 Shares of Oracle Corporation $ORCL

Key Points

• CW Advisors LLC increased its holdings in Oracle Corporation by 15% in Q1, acquiring an additional 19,666 shares, bringing total ownership to 150,773 shares worth approximately $21.27 million.
• Oracle achieved a quarterly revenue of $15.90 billion, surpassing analyst expectations and reporting a year-over-year revenue increase of 11.3% alongside an earnings per share (EPS) of $1.70.
• Several analysts have raised their target prices for Oracle stock, with JMP Securities setting a new target of $315, reflecting positive sentiment around the company's performance.

CW Advisors LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,773 shares of the enterprise software provider's stock after acquiring an additional 19,666 shares during the quarter. CW Advisors LLC's holdings in Oracle were worth $21,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Tacita Capital Inc increased its holdings in shares of Oracle by 6.0% in the first quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after purchasing an additional 70 shares during the period. Flynn Zito Capital Management LLC increased its holdings in shares of Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares during the period. Tiller Private Wealth Inc. increased its holdings in shares of Oracle by 4.6% in the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after purchasing an additional 71 shares during the period. Private Wealth Management Group LLC increased its holdings in shares of Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after purchasing an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. grew its holdings in Oracle by 4.8% during 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 acquiring an additional 72 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

NYSE ORCL opened at $235.1560 on Thursday. The company has a market cap of $660.51 billion, a PE ratio of 54.18, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The stock's 50 day simple moving average is $234.29 and its 200-day simple moving average is $181.88. Oracle Corporation has a 1-year low of $118.86 and a 1-year 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.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. JMP Securities raised their target price on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday, July 18th. Mizuho raised their target price on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Royal Bank Of Canada raised their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. BMO Capital Markets raised their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, DA Davidson raised their target price on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by company insiders.

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.

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