EP Wealth Advisors LLC Purchases 20,474 Shares of Oracle Corporation $ORCL

EP Wealth Advisors LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,265 shares of the enterprise software provider's stock after purchasing an additional 20,474 shares during the quarter. EP Wealth Advisors LLC's holdings in Oracle were worth $16,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the fourth quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC boosted its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the fourth quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle 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 transaction, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 in the last 90 days. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $225.11 on Wednesday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. The stock has a market capitalization of $632.30 billion, a P/E ratio of 51.87, a PEG ratio of 3.38 and a beta of 1.46. The firm has a fifty day simple moving average of $238.48 and a two-hundred day simple moving average of $185.65. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates 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 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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 dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. Oracle's payout ratio is currently 46.08%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Scotiabank started coverage on shares of Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 target price for the company. Royal Bank Of Canada raised their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, BMO Capital Markets raised their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.

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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