MWA Asset Management Increases Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• MWA Asset Management raised its stake in Oracle Corporation by 95.5% during the first quarter, owning a total of 5,554 shares valued at $777,000.
• The company reported a net margin of 21.68% in its recent earnings, with revenue of $15.90 billion, surpassing analysts' expectations.
• Oracle's latest quarterly dividend was $0.50 per share, yielding 0.8%, and the stock has an average target price of $218.29 from analysts.

MWA Asset Management increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 95.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,554 shares of the enterprise software provider's stock after buying an additional 2,713 shares during the quarter. MWA Asset Management's holdings in Oracle were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. FMR LLC lifted its position in Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after acquiring an additional 156,269 shares during the period. Northern Trust Corp lifted its position in Oracle by 12.5% during the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oracle by 20.5% during the 4th 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Dimensional Fund Advisors LP lifted its position in Oracle by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,046,273 shares of the enterprise software provider's stock worth $1,340,830,000 after acquiring an additional 335,352 shares during the period. Finally, Deutsche Bank AG lifted its position in Oracle by 9.4% during the 4th quarter. Deutsche Bank AG now owns 6,821,083 shares of the enterprise software provider's stock worth $1,136,665,000 after acquiring an additional 585,560 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE ORCL opened at $244.44 on Monday. 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 Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. The business's 50-day moving average price is $213.55 and its 200 day moving average price is $174.96. The firm has a market cap of $686.59 billion, a P/E ratio of 56.32, a P/E/G ratio of 3.65 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $190.00 to $270.00 in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Bank of America boosted their price objective on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, KeyCorp boosted their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and an average target price of $218.29.

Insider Activity at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 428,303 shares of company stock worth $82,480,056. 42.20% of the stock is currently owned by company insiders.

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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