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

Key Points

• Viawealth LLC increased its holdings in Oracle Corporation by 37.6% during the first quarter, acquiring a total of 5,223 shares valued at approximately $730,000.
• Several institutional investors have also bought and sold shares of Oracle, with 42.44% of the company's stock now owned by such investors.
• Oracle announced a quarterly dividend of $0.50 per share, representing an annualized yield of 0.81% and a payout ratio of 46.08%.

Viawealth LLC increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 37.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,223 shares of the enterprise software provider's stock after buying an additional 1,427 shares during the quarter. Viawealth LLC's holdings in Oracle were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Patten & Patten Inc. TN grew its position in Oracle by 11.5% during the 1st quarter. Patten & Patten Inc. TN now owns 10,861 shares of the enterprise software provider's stock worth $1,518,000 after purchasing an additional 1,122 shares during the period. Evermay Wealth Management LLC grew its holdings in Oracle by 3.8% during the first quarter. Evermay Wealth Management LLC now owns 5,479 shares of the enterprise software provider's stock worth $766,000 after acquiring an additional 200 shares during the period. Kinsale Capital Group Inc. grew its holdings in Oracle by 14.9% during the first quarter. Kinsale Capital Group Inc. now owns 65,475 shares of the enterprise software provider's stock worth $9,154,000 after acquiring an additional 8,473 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Oracle during the 1st quarter worth approximately $85,000. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of Oracle by 9.3% during the 1st quarter. Pin Oak Investment Advisors Inc. now owns 1,840 shares of the enterprise software provider's stock worth $283,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Scotiabank assumed coverage on shares of Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price objective on the stock. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. Finally, Bank of America raised their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Up 1.0%

NYSE ORCL opened at $247.68 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business's fifty day simple moving average is $206.18 and its 200-day simple moving average is $172.36. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The firm has a market cap of $695.69 billion, a PE ratio of 57.07, a P/E/G ratio of 3.66 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its 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. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 earnings per share. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

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.

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.