One Wealth Advisors LLC Sells 1,598 Shares of Oracle Corporation (NYSE:ORCL)

One Wealth Advisors LLC cut its position in Oracle Corporation (NYSE:ORCL - Free Report) by 14.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,165 shares of the enterprise software provider's stock after selling 1,598 shares during the quarter. One Wealth Advisors LLC's holdings in Oracle were worth $1,281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of 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 acquiring an additional 404 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Oracle during the 4th quarter valued at about $309,000. Modern Wealth Management LLC boosted its position in shares of Oracle by 130.4% during the 4th quarter. Modern Wealth Management LLC now owns 14,167 shares of the enterprise software provider's stock valued at $2,535,000 after acquiring an additional 8,018 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Oracle by 2.0% during the 4th quarter. TD Asset Management Inc. now owns 835,999 shares of the enterprise software provider's stock valued at $139,311,000 after acquiring an additional 16,326 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 0.3%

Shares of ORCL traded up $0.74 on Thursday, reaching $242.64. 8,229,157 shares of the company's stock were exchanged, compared to its average volume of 13,587,158. The stock has a market capitalization of $681.53 billion, a P/E ratio of 55.91, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The business has a 50 day moving average price of $202.72 and a two-hundred day moving average price of $171.02. 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 $251.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (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 analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ORCL shares. BMO Capital Markets lifted their target price on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Cowen reiterated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Finally, Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is owned by corporate 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.