Oracle Corporation (NYSE:ORCL) Shares Purchased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 596.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,384 shares of the enterprise software provider's stock after buying an additional 8,892 shares during the quarter. Wolff Wiese Magana LLC's holdings in Oracle were worth $1,452,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Norges Bank acquired a new position in Oracle in the 4th quarter worth $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle in the 4th quarter worth $930,095,000. GAMMA Investing LLC lifted its holdings in Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

NYSE ORCL opened at $205.06 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The stock has a market cap of $573.53 billion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32. The company has a 50-day moving average price of $160.39 and a two-hundred day moving average price of $161.33.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping 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 analysts' expectations of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. Analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. UBS Group restated a "buy" rating and issued a $225.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Westpark Capital upped their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Piper Sandler restated a "neutral" rating and issued a $130.00 target price on shares of Oracle in a research note on Wednesday, June 11th. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 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 disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock worth $83,395,223 over the last three months. Corporate insiders own 42.20% of the company's stock.

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.

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