Integrated Wealth Concepts LLC Reduces Position in Oracle Corporation $ORCL

Key Points

• Integrated Wealth Concepts LLC has decreased its stake in Oracle Corporation by 2.4%, now holding 62,557 shares valued at approximately $8.75 million.
• Oracle reported a quarterly EPS of $1.70, surpassing estimates, with revenue of $15.90 billion, an increase of 11.3% year-over-year.
• Oracle's recent dividend of $0.50 per share represents a 0.9% yield, with a payout ratio of 46.08%.

Integrated Wealth Concepts LLC lowered its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,557 shares of the enterprise software provider's stock after selling 1,508 shares during the period. Integrated Wealth Concepts LLC's holdings in Oracle were worth $8,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ORCL. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the 4th quarter valued at about $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 4.4%

Oracle stock traded up $9.87 during midday trading on Friday, reaching $232.87. The stock had a trading volume of 15,362,371 shares, compared to its average volume of 10,036,564. The firm has a market cap of $654.10 billion, a price-to-earnings ratio of 53.66, a price-to-earnings-growth ratio of 3.47 and a beta of 1.46. The company has a fifty day moving average of $239.38 and a 200 day moving average of $186.73. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

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, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. 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 quarter. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the subject of several research reports. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Guggenheim increased their price target on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $227.04.

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.