Independent Advisor Alliance Raises Holdings in Oracle Corporation (NYSE:ORCL)

Independent Advisor Alliance grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 14.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,519 shares of the enterprise software provider's stock after buying an additional 7,524 shares during the quarter. Independent Advisor Alliance's holdings in Oracle were worth $8,321,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Greenwood Gearhart Inc. increased its stake in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the last quarter. Flynn Zito Capital Management LLC increased its stake in Oracle by 1.7% during the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after acquiring an additional 71 shares during the last quarter. Tiller Private Wealth Inc. increased its stake in Oracle by 4.6% during the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock worth $224,000 after acquiring an additional 71 shares during the last quarter. Private Wealth Management Group LLC increased its stake in Oracle by 14.9% during the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after acquiring an additional 72 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. increased its stake in Oracle by 4.8% during the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after acquiring an additional 72 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Up 0.3%

ORCL opened at $250.04 on Monday. The business's 50-day simple moving average is $222.64 and its 200-day simple moving average is $177.75. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The stock has a market capitalization of $702.32 billion, a P/E ratio of 57.61, a price-to-earnings-growth ratio of 3.73 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly 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. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. Analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed 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. 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 currently 46.08%.

Insider Activity

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction on Monday, July 7th. The shares were bought at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the transaction, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 over the last quarter. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $190.00 to $270.00 in a research note on Thursday, July 10th. JMP Securities lifted their price objective on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Finally, Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Nine investment 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. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $222.75.

Oracle Company 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.

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