Forvis Mazars Wealth Advisors LLC Buys 4,916 Shares of Oracle Corporation $ORCL

Key Points

• Forvis Mazars Wealth Advisors LLC increased its stake in Oracle Corporation by 10.2%, acquiring an additional 4,916 shares, bringing its total ownership to 52,924 shares worth approximately $7.4 million.
• Several other institutional investors also boosted their positions in Oracle during the first quarter, contributing to a total of 42.44% of the stock being owned by institutional investors.
• Oracle recently reported earnings of $1.70 per share, exceeding analyst expectations, and declared a quarterly dividend of $0.50 per share, showing a payout ratio of 46.08%.

Forvis Mazars Wealth Advisors LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,924 shares of the enterprise software provider's stock after acquiring an additional 4,916 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Oracle were worth $7,399,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted 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 purchasing an additional 3,513,464 shares in the last quarter. Northern Trust Corp raised its holdings in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oracle by 20.5% in 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 valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Polen Capital Management LLC boosted its holdings in shares of Oracle by 17.6% in the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after acquiring an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Oracle by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after purchasing an additional 94,236 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded up $3.52 on Friday, reaching $248.48. 11,535,891 shares of the company's stock traded hands, compared to its average volume of 9,914,906. The stock has a 50 day moving average price of $230.54 and a 200-day moving average price of $180.59. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $697.94 billion, a price-to-earnings ratio of 57.25, a P/E/G ratio of 3.71 and a beta of 1.43. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two 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, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business earned $1.63 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts predict 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. Shareholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. Mizuho raised their target price on shares of Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. JMP Securities raised their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada lifted their target price on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $227.04.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 40,807 shares in the company, 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 SEC, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider 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 position. 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 currently owned by 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.