Level Four Advisory Services LLC Increases Stake in Oracle Corporation $ORCL

Key Points

• Level Four Advisory Services LLC increased its stake in Oracle Corporation by 19.8% during the first quarter, owning 19,723 shares valued at approximately $2.76 million.
• Several institutional investors have also significantly increased their holdings in Oracle, with Brighton Jones LLC growing its stake by 189.3%, now owning shares valued at $25.6 million.
• Oracle's stock has recently received upgraded ratings from various analysts, with the average target price currently set at $227.04 following a strong earnings report that surpassed estimates.

Level Four Advisory Services LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,723 shares of the enterprise software provider's stock after buying an additional 3,261 shares during the quarter. Level Four Advisory Services LLC's holdings in Oracle were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in ORCL. Brighton Jones LLC grew its holdings in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after buying an additional 404 shares in the last quarter. MGO One Seven LLC grew its holdings in Oracle by 2.7% during the 4th quarter. MGO One Seven LLC now owns 75,326 shares of the enterprise software provider's stock valued at $12,552,000 after buying an additional 2,000 shares in the last quarter. Burling Wealth Partners LLC purchased a new stake in Oracle during the 4th quarter valued at approximately $2,126,000. Finally, Integrated Wealth Concepts LLC grew its holdings in Oracle by 7.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 64,065 shares of the enterprise software provider's stock valued at $10,676,000 after buying an additional 4,550 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other news, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORCL shares. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Royal Bank Of Canada increased their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Finally, Bank of America increased their price objective on shares of Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Three investment 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.04.

Oracle Price Performance

Oracle stock opened at $235.1560 on Thursday. The firm has a 50-day moving average price of $234.29 and a 200-day moving average price of $181.88. The firm has a market capitalization of $660.51 billion, a PE ratio of 54.18, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $260.87.

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 the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during 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 business's revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

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.

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