Focus Partners Advisor Solutions LLC Purchases 6,972 Shares of Oracle Corporation $ORCL

Key Points

• Focus Partners Advisor Solutions LLC has increased its stake in Oracle Corporation by 15.2%, acquiring an additional 6,972 shares and bringing its total holdings to 52,728 shares valued at approximately $7.37 million.
• Several institutional investors, including Vanguard Group and UBS AM, have also raised their positions in Oracle, collectively signaling strong interest in the company.
• Oracle recently announced a quarterly dividend of $0.50 per share, representing an annual yield of 0.9%, while also reporting a quarterly earnings growth with an EPS of $1.70, exceeding expectations.

Focus Partners Advisor Solutions LLC grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 52,728 shares of the enterprise software provider's stock after purchasing an additional 6,972 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Oracle were worth $7,372,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ORCL. Clarkston Capital Partners LLC increased its stake in shares of Oracle by 1.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock valued at $879,000 after purchasing an additional 68 shares during the last quarter. Tacita Capital Inc increased its stake in shares of Oracle by 6.0% in the 1st 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 last quarter. Flynn Zito Capital Management LLC increased its stake in shares of 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 purchasing an additional 71 shares during the last quarter. Tiller Private Wealth Inc. increased its stake in shares of Oracle by 4.6% in the 1st 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 last quarter. Finally, Cadence Bank increased its stake in shares of Oracle by 1.0% in the 1st quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock valued at $1,040,000 after purchasing an additional 71 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction 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 $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 over the last three months. 42.20% of the stock is owned by insiders.

Oracle Trading Down 0.5%

Shares of NYSE:ORCL traded down $1.02 during trading on Tuesday, reaching $225.11. 10,444,468 shares of the company traded hands, compared to its average volume of 9,853,720. The business's fifty day moving average is $238.48 and its 200-day moving average is $185.65. The firm has a market capitalization of $632.30 billion, a price-to-earnings ratio of 51.87, a P/E/G ratio of 3.38 and a beta of 1.46. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52-week low of $118.86 and a 52-week 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, topping the consensus estimate 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 return on equity of 87.34% and a net margin of 21.68%.The business's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORCL shares. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and upped their price target for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Mizuho boosted their price objective on Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $227.04.

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.