Earned Wealth Advisors LLC Raises Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• Earned Wealth Advisors LLC increased its stake in Oracle Corporation by 65.2% during the 1st quarter, acquiring an additional 1,502 shares for a total holding value of $532,000.
• Analysts remain optimistic about Oracle, with 23 buy ratings and a consensus price target of $218.29, reflecting significant expected growth.
• Oracle recently declared a quarterly dividend of $0.50, representing an annualized payout of $2.00 and a yield of 0.8%.

Earned Wealth Advisors LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 65.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,807 shares of the enterprise software provider's stock after acquiring an additional 1,502 shares during the period. Earned Wealth Advisors LLC's holdings in Oracle were worth $532,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SGL Investment Advisors Inc. lifted its position in shares of Oracle by 5.5% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,647 shares of the enterprise software provider's stock worth $248,000 after buying an additional 86 shares during the last quarter. Allianz SE increased its position in shares of Oracle by 8.5% during the first quarter. Allianz SE now owns 128,418 shares of the enterprise software provider's stock worth $17,954,000 after purchasing an additional 10,016 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Oracle by 14.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 715,181 shares of the enterprise software provider's stock valued at $99,989,000 after purchasing an additional 88,329 shares during the last quarter. Raiffeisen Bank International AG boosted its position in shares of Oracle by 10.8% in the 1st quarter. Raiffeisen Bank International AG now owns 223,615 shares of the enterprise software provider's stock valued at $31,501,000 after purchasing an additional 21,777 shares during the period. Finally, Argent Trust Co grew its stake in Oracle by 3.5% during the 1st quarter. Argent Trust Co now owns 112,072 shares of the enterprise software provider's stock worth $15,669,000 after buying an additional 3,814 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ORCL shares. Barclays restated an "overweight" rating and set a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. TD Cowen lifted their price objective on Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. 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, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.29.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 3,303 shares of the company'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 transaction of $770,655.96. Following the sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 428,303 shares of company stock valued at $82,480,056. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

NYSE:ORCL opened at $244.44 on Monday. The firm has a 50-day moving average of $213.55 and a two-hundred day moving average of $174.96. 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 stock has a market cap of $686.59 billion, a P/E ratio of 56.32, a PEG ratio of 3.65 and a beta of 1.43. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87.

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

Oracle Dividend Announcement

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

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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