Oracle Corporation (NYSE:ORCL) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,216 shares of the enterprise software provider's stock after buying an additional 3,635 shares during the period. Wealthfront Advisers LLC's holdings in Oracle were worth $25,615,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Greenwood Gearhart Inc. boosted its holdings in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC raised its position in shares of Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares during the last quarter. Stage Harbor Financial LLC raised its position in Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares in the last quarter. Prestige Wealth Management Group LLC raised its position in Oracle by 0.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after purchasing an additional 70 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. grew its stake in Oracle by 1.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after buying an additional 70 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Barclays restated an "overweight" rating and issued a $221.00 target price (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $211.37.

Oracle Stock Up 1.2%

Oracle stock traded up $2.74 during midday trading on Wednesday, hitting $237.70. 5,524,800 shares of the company's stock were exchanged, compared to its average volume of 10,265,322. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The firm has a 50-day moving average of $190.49 and a two-hundred day moving average of $167.32. The company has a market cap of $667.66 billion, a PE ratio of 54.77, a P/E/G ratio of 3.43 and a beta of 1.39.

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 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 period last year, the firm posted $1.63 EPS. Oracle's revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle's dividend payout ratio is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction 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 sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock worth $84,784,653 in the last ninety days. Company insiders own 42.20% of the company's stock.

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.