OneAscent Family Office LLC Lowers Stock Position in Oracle Corporation (NYSE:ORCL)

OneAscent Family Office LLC cut its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 37.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,727 shares of the enterprise software provider's stock after selling 1,032 shares during the period. OneAscent Family Office LLC's holdings in Oracle were worth $242,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the 4th quarter worth $30,000. Finally, Hurley Capital LLC purchased a new stake in shares of Oracle in the 4th quarter worth $33,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 448,669 shares of company stock worth $85,555,309 over the last ninety days. 42.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays reaffirmed an "overweight" rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, KeyCorp lifted their target price on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Nine equities 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. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Stock Performance

ORCL stock traded down $6.37 during trading hours on Tuesday, reaching $237.17. The stock had a trading volume of 7,653,255 shares, compared to its average volume of 10,348,743. The stock has a market capitalization of $666.16 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. 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 stock has a 50-day simple moving average of $196.21 and a 200 day simple moving average of $168.97. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. Oracle's payout ratio is 46.08%.

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.