Linscomb Wealth Inc. Has $6.20 Million Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Linscomb Wealth Inc. increased its stake in Oracle Corporation by 18.6%, bringing its total holding to $6.20 million after acquiring an additional 6,947 shares in the recent quarter.
• Oracle reported a quarterly earnings per share (EPS) of $1.70, beating consensus estimates and reflecting a revenue increase of 11.3% year-over-year, amounting to $15.90 billion.
• Analyst ratings for Oracle have improved, with firms like Piper Sandler upgrading the stock to "overweight" and raising the target price from $190 to $270.

Linscomb Wealth Inc. grew its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 18.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,376 shares of the enterprise software provider's stock after acquiring an additional 6,947 shares during the period. Linscomb Wealth Inc.'s holdings in Oracle were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Greenwood Gearhart Inc. boosted its position in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares during the period. Flynn Zito Capital Management LLC boosted its position in Oracle by 1.7% during the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after buying an additional 71 shares during the period. Tiller Private Wealth Inc. boosted its position in Oracle by 4.6% during the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock worth $224,000 after buying an additional 71 shares during the period. Private Wealth Management Group LLC boosted its position in Oracle by 14.9% during the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after buying an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. boosted its position in Oracle by 4.8% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after buying an additional 72 shares during the period. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of ORCL stock opened at $250.04 on Monday. The firm has a market capitalization of $702.32 billion, a PE ratio of 57.61, a price-to-earnings-growth ratio of 3.73 and a beta of 1.43. The firm has a fifty day simple moving average of $222.64 and a two-hundred day simple moving average of $177.75. 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 announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. Analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

ORCL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. JMP Securities lifted their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Finally, KeyCorp lifted their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.75.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by insiders.

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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