Alliance Wealth Advisors LLC UT Has $6.48 Million Holdings in Oracle Corporation $ORCL

Key Points

• Alliance Wealth Advisors LLC UT increased its position in Oracle by 8.7%, holding 46,357 shares worth approximately $6.48 million at the end of the last quarter, making it the firm's 7th largest holding.
• Oracle reported a 12-month revenue increase of 11.3% year-over-year, with earnings per share of $1.70 for the quarter, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.50 per share, reflecting a 0.8% dividend yield and a dividend payout ratio of 46.08%.

Alliance Wealth Advisors LLC UT boosted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,357 shares of the enterprise software provider's stock after acquiring an additional 3,710 shares during the quarter. Oracle accounts for about 1.7% of Alliance Wealth Advisors LLC UT's portfolio, making the stock its 7th largest position. Alliance Wealth Advisors LLC UT's holdings in Oracle were worth $6,481,000 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. Tacita Capital Inc boosted its stake in shares of Oracle by 6.0% in the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after purchasing an additional 70 shares during the last quarter. Flynn Zito Capital Management LLC boosted its stake in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares during the last quarter. Tiller Private Wealth Inc. boosted its stake in shares of Oracle by 4.6% in the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after purchasing an additional 71 shares during the last quarter. Private Wealth Management Group LLC boosted its stake in shares of Oracle by 14.9% in the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after purchasing an additional 72 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. boosted its stake in shares of Oracle by 4.8% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock valued at $218,000 after purchasing an additional 72 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

NYSE ORCL traded up $3.52 during trading hours on Friday, reaching $248.48. 11,535,891 shares of the company were exchanged, compared to its average volume of 9,914,906. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The business's 50 day simple moving average is $230.54 and its 200-day simple moving average is $180.59. 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 $697.94 billion, a P/E ratio of 57.25, a P/E/G ratio of 3.71 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 the consensus estimate of $15.58 billion. During the same quarter last year, the company posted $1.63 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Bank of America increased their target price on shares of Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group reissued a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. JMP Securities increased their target price on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $227.04.

Insider Buying and Selling at Oracle

In other Oracle news, Director Rona Alison Fairhead bought 480 shares of the business's stock in a transaction on Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 in the last three months. 42.20% of the stock is owned by corporate insiders.

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.