HCR Wealth Advisors Purchases 1,385 Shares of Oracle Corporation (NYSE:ORCL)

HCR Wealth Advisors increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,465 shares of the enterprise software provider's stock after buying an additional 1,385 shares during the quarter. HCR Wealth Advisors' holdings in Oracle were worth $3,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new position in Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new position in Oracle in the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Oracle during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

ORCL traded up $2.45 on Thursday, hitting $210.63. 15,046,293 shares of the stock were exchanged, compared to its average volume of 9,813,175. The firm has a market capitalization of $589.13 billion, a price-to-earnings ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60. The business has a 50-day moving average of $157.39 and a two-hundred day moving average of $161.16.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.63 EPS. Sell-side analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred 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 now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price on shares of Oracle in a research note on Wednesday, June 11th. BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $200.00 to $235.00 in a research note on Friday, June 13th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a report on Wednesday. CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, UBS Group reissued a "buy" rating and set a $225.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

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.