Northwestern Mutual Wealth Management Co. Increases Stake in Oracle Corporation $ORCL

Key Points

• Northwestern Mutual Wealth Management Co. has increased its stake in Oracle Corporation by 131.3%, now holding a total of 409,888 shares valued at approximately $57.3 million.
• Oracle reported a net margin of 21.68% and earnings per share of $1.70 for the last quarter, exceeding analyst estimates and indicating a year-over-year revenue increase of 11.3%.
• Oracle has announced a quarterly dividend payment of $0.50 per share, resulting in an annualized dividend of $2.00 with a yield of 0.8%.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 131.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 409,888 shares of the enterprise software provider's stock after buying an additional 232,647 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Oracle were worth $57,306,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ORCL. Vanguard Group Inc. grew its stake in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. Northern Trust Corp grew its stake in shares of Oracle by 0.6% during the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after acquiring an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Polen Capital Management LLC grew its stake in shares of Oracle by 17.6% during the 1st quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after acquiring an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Oracle by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after acquiring an additional 94,236 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Up 1.3%

Shares of NYSE ORCL opened at $236.1670 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $663.35 billion, a P/E ratio of 54.42, a PEG ratio of 3.53 and a beta of 1.43. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The firm has a 50-day simple moving average of $235.36 and a two-hundred day simple moving average of $182.87.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 business 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 quarterly 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. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. KeyCorp lifted their target price on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. JMP Securities lifted their target price on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Barclays reissued an "overweight" rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock valued at $86,521,198 over the last quarter. Corporate insiders own 42.20% of the company's stock.

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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