Geometric Wealth Advisors Acquires New Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Geometric Wealth Advisors made a new investment of $247,000 in Oracle Corporation, acquiring 1,767 shares as reported in their latest SEC filing.
• Oracle recently declared a quarterly dividend of $0.50 per share, resulting in an annualized yield of 0.8% and a payout ratio of 46.08%.
• UBS Group has increased its target price for Oracle from $250.00 to $280.00, maintaining a "buy" rating, reflecting positive analyst sentiment towards the company's stock.

Geometric Wealth Advisors acquired a new position in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,767 shares of the enterprise software provider's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of 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 in the last quarter. ASR Vermogensbeheer N.V. bought a new position in Oracle in the first quarter worth approximately $23,887,000. Cornerstone Advisors LLC grew its stake in Oracle by 12.5% in the first quarter. Cornerstone Advisors LLC now owns 99,000 shares of the enterprise software provider's stock valued at $13,841,000 after acquiring an additional 11,000 shares during the period. Strategy Asset Managers LLC acquired a new stake in Oracle in the first quarter valued at approximately $684,000. Finally, Nicholas Hoffman & Company LLC. increased its holdings in shares of Oracle by 1.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,752 shares of the enterprise software provider's stock valued at $1,503,000 after acquiring an additional 112 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the 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 sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $7.05 during mid-day trading on Thursday, reaching $249.38. The company had a trading volume of 11,938,634 shares, compared to its average volume of 10,333,115. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company's 50-day moving average price is $220.94 and its 200-day moving average price is $177.32. The firm has a market cap of $700.47 billion, a price-to-earnings ratio of 57.46, a PEG ratio of 3.83 and a beta of 1.43.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. Roth Capital reissued a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Evercore ISI raised their price objective on shares of Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. JMP Securities boosted their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and raised their price target for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Finally, Barclays reiterated an "overweight" rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Nine research 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 company's stock. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $222.75.

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.