Oracle Corporation (NYSE:ORCL) Shares Acquired by FOCUS Wealth Advisors LLC

Key Points

• FOCUS Wealth Advisors LLC increased its holdings in Oracle Corporation by 19.5%, acquiring an additional 1,707 shares, bringing their total to 10,448 shares valued at $1,461,000.
• Oracle's recent quarterly earnings reported $1.70 EPS, surpassing the consensus estimate of $1.64, with revenue of $15.90 billion, reflecting an 11.3% growth year-over-year.
• Several analysts have raised their target prices for Oracle, with UBS increasing its target from $250.00 to $280.00, while JMP Securities set a new target of $315.00, indicating a positive outlook for the stock.

FOCUS Wealth Advisors LLC raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,448 shares of the enterprise software provider's stock after acquiring an additional 1,707 shares during the period. FOCUS Wealth Advisors LLC's holdings in Oracle were worth $1,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenwood Gearhart Inc. grew its holdings in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the period. Hurlow Wealth Management Group Inc. grew its holdings in shares of Oracle by 1.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after purchasing an additional 70 shares during the period. Flynn Zito Capital Management LLC grew its holdings in shares of Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares during the period. Private Wealth Management Group LLC grew its holdings in shares of Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after purchasing an additional 72 shares during the period. Finally, Canopy Partners LLC grew its holdings in shares of Oracle by 1.5% in the first quarter. Canopy Partners LLC now owns 4,917 shares of the enterprise software provider's stock valued at $687,000 after purchasing an additional 74 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 1.0%

Shares of NYSE ORCL opened at $247.68 on Tuesday. The business has a fifty day simple moving average of $206.18 and a 200-day simple moving average of $172.36. The company has a market cap of $695.69 billion, a price-to-earnings ratio of 57.07, a P/E/G ratio of 3.66 and a beta of 1.39. 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 12 month low of $118.86 and a 12 month high of $251.60.

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 firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Insider Transactions at Oracle

In related news, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ORCL shares. UBS Group upped their target price on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. JMP Securities upped their target price on shares of Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research report on Friday, July 18th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $218.29.

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.