Allworth Financial LP Boosts Stake in Oracle Corporation (NYSE:ORCL)

Allworth Financial LP raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,709 shares of the enterprise software provider's stock after acquiring an additional 16,869 shares during the period. Allworth Financial LP's holdings in Oracle were worth $28,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the first quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $36,000. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 450,366 shares of company stock worth $85,433,503. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Down 0.3%

ORCL stock traded down $0.73 during trading on Thursday, hitting $235.08. 11,470,190 shares of the stock traded hands, compared to its average volume of 10,239,208. The stock has a market cap of $660.30 billion, a price-to-earnings ratio of 54.17, a price-to-earnings-growth ratio of 3.53 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. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44. The firm's 50 day moving average is $183.77 and its two-hundred day moving average is $165.63.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion for 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 prior year, the company posted $1.63 earnings per share. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid 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 0.85%. Oracle's dividend payout ratio is 46.08%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Stephens began coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. DA Davidson lifted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. TD Cowen boosted their price objective on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $209.33.

Oracle 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.