WBH Advisory Inc. Has $1.39 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• WBH Advisory Inc. reduced its stake in Oracle Corporation by 14.7%, owning 9,963 shares valued at approximately $1.4 million after selling 1,711 shares.
• Oracle recently declared a quarterly dividend of $0.50 per share, reflecting an annualized dividend of $2.00 and a yield of 0.8%.
• The company reported quarterly earnings of $1.70 EPS, exceeding estimates, and achieved a revenue of $15.90 billion, an increase of 11.3% year-over-year.

WBH Advisory Inc. cut its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,963 shares of the enterprise software provider's stock after selling 1,711 shares during the period. WBH Advisory Inc.'s holdings in Oracle were worth $1,393,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ORCL. Brighton Jones LLC raised its stake in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. F M Investments LLC boosted its position in Oracle by 50.6% during the fourth quarter. F M Investments LLC now owns 37,458 shares of the enterprise software provider's stock worth $6,242,000 after purchasing an additional 12,589 shares during the period. Scotia Capital Inc. increased its holdings in shares of Oracle by 17.0% in the fourth quarter. Scotia Capital Inc. now owns 260,001 shares of the enterprise software provider's stock valued at $43,333,000 after purchasing an additional 37,854 shares during the last quarter. Finally, Redwood Park Advisors LLC acquired a new position in shares of Oracle in the fourth quarter valued at $86,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of ORCL stock traded up $0.65 on Friday, reaching $250.04. The company had a trading volume of 8,301,832 shares, compared to its average volume of 10,356,510. The business's 50-day moving average is $222.64 and its 200 day moving average is $177.85. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. 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 stock has a market capitalization of $702.32 billion, a PE ratio of 57.61, a price-to-earnings-growth ratio of 3.72 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the company earned $1.63 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock worth $86,521,198 over the last 90 days. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Royal Bank Of Canada increased their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Oppenheimer restated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Bank of America increased their price objective on Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research report on Tuesday. Nine equities 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $222.75.

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.