IFG Advisory LLC Boosts Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• IFG Advisory LLC increased its stake in Oracle Corporation by 32% in Q1, now owning 4,310 shares worth approximately $603,000.
• Oracle reported $1.70 EPS in its latest earnings, exceeding analyst expectations, with revenue increasing by 11.3% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, resulting in an annual yield of 0.8%, with a payout ratio of 46.08%.

IFG Advisory LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 32.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,310 shares of the enterprise software provider's stock after acquiring an additional 1,044 shares during the quarter. IFG Advisory LLC's holdings in Oracle were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle during the 4th quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter worth $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 428,303 shares of company stock worth $82,480,056. 42.20% of the stock is owned by company insiders.

Oracle Stock Up 0.3%

Shares of ORCL stock traded up $0.85 during trading hours on Wednesday, reaching $256.52. The company had a trading volume of 9,919,562 shares, compared to its average volume of 12,070,742. The business has a fifty day simple moving average of $217.36 and a 200-day simple moving average of $176.15. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a market cap of $720.51 billion, a price-to-earnings ratio of 59.11, a price-to-earnings-growth ratio of 3.77 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company posted $1.63 earnings per share. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. On average, research 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. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Analysts Set New Price Targets

Several brokerages have weighed in on ORCL. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $190.00 to $270.00 in a research note on Thursday, July 10th. Guggenheim increased their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. KeyCorp upped their target price on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Finally, UBS Group raised their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $222.75.

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.