MBL Wealth LLC Has $1.43 Million Holdings in Oracle Corporation $ORCL

Key Points

• MBL Wealth LLC increased its stake in Oracle Corporation by 8.9%, holding 10,239 shares worth approximately $1.43 million.
• Oracle's recent quarterly earnings showed an EPS of $1.70, surpassing estimates, with revenue rising 11.3% year-over-year to $15.90 billion.
• The company declared a quarterly dividend of $0.50 per share, contributing to a 0.6% dividend yield, with a payout ratio of 46.08%.

MBL Wealth LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,239 shares of the enterprise software provider's stock after buying an additional 840 shares during the period. MBL Wealth LLC's holdings in Oracle were worth $1,432,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. Northern Trust Corp increased its holdings in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after purchasing an additional 120,889 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Oracle by 0.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock valued at $1,941,195,000 after purchasing an additional 59,164 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the period. Finally, Amundi boosted its position in Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock valued at $1,749,280,000 after acquiring an additional 409,691 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 444,183 shares of company stock worth $86,521,198 over the last 90 days. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 37.6%

NYSE:ORCL opened at $332.31 on Wednesday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $933.39 billion, a price-to-earnings ratio of 76.69, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $327.40. The firm has a 50-day moving average price of $240.23 and a two-hundred day moving average price of $187.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business posted $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. Oracle's payout ratio is currently 46.08%.

Analysts Set New Price Targets

A number of analysts have commented on ORCL shares. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Wolfe Research increased their price objective on shares of Oracle from $300.00 to $400.00 and gave the stock an "outperform" rating in a research report on Wednesday. Cantor Fitzgerald increased their price objective on shares of Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $285.07.

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.

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