Oracle Corporation (NYSE:ORCL) Shares Bought by Nvwm LLC

Key Points

• Nvwm LLC significantly increased its stake in Oracle Corporation by 13,258.3% during the first quarter, bringing its total holdings to 4,809 shares valued at $672,000.
• Oracle recently declared a quarterly dividend of $0.50, resulting in an annualized dividend of $2.00, with a dividend yield of 0.82%.
• Several analysts have upgraded their price targets for Oracle, with the range now between $240.00 and $275.00, reflecting positive sentiment about the company’s performance.

Nvwm LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 13,258.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,809 shares of the enterprise software provider's stock after purchasing an additional 4,773 shares during the quarter. Nvwm LLC's holdings in Oracle were worth $672,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC increased its position in shares of 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 grew its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Virtu Financial LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $309,000. WINTON GROUP Ltd raised its stake in Oracle by 43.3% during the fourth quarter. WINTON GROUP Ltd now owns 16,514 shares of the enterprise software provider's stock valued at $2,752,000 after buying an additional 4,993 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new position in Oracle during the 4th quarter worth approximately $768,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% 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 in the last three months. Insiders own 42.20% of the company's stock.

Oracle Stock Up 0.9%

ORCL stock opened at $245.05 on Friday. The firm has a market cap of $688.31 billion, a PE ratio of 56.46, a P/E/G ratio of 3.62 and a beta of 1.39. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. 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 firm has a 50 day simple moving average of $204.42 and a 200 day simple moving average of $171.59.

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 analysts' consensus estimates of $1.64 by $0.06. The company 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 company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 EPS. Equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $190.00 to $270.00 in a research report on Thursday, July 10th. 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.

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.