Oracle Corporation $ORCL Shares Purchased by Heritage Wealth Partners LLC

Key Points

• Heritage Wealth Partners LLC increased its holdings in Oracle Corporation by 82.1% in Q1, now owning 2,652 shares valued at $371,000.
• Multiple institutional investors, including Brighton Jones LLC and Kovitz Investment Group Partners LLC, have significantly increased their stakes in Oracle, showcasing strong interest in the company.
• Analysts maintain an average rating of "Moderate Buy" for Oracle shares, with price targets ranging from $195.00 to $280.00, reflecting positive sentiment about the company's growth potential.

Heritage Wealth Partners LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 82.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,652 shares of the enterprise software provider's stock after buying an additional 1,196 shares during the quarter. Heritage Wealth Partners LLC's holdings in Oracle were worth $371,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ORCL. Nuveen LLC bought a new position in shares of Oracle in the 1st quarter worth $732,692,000. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 4,723,631 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 worth $2,303,858,000 after acquiring an additional 2,350,448 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Oracle by 268.4% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider's stock worth $512,909,000 after acquiring an additional 2,242,520 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 in the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Trading Up 1.3%

Oracle stock traded up $3.0070 during mid-day trading on Friday, hitting $236.1670. The company's stock had a trading volume of 9,333,223 shares, compared to its average volume of 10,425,400. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The stock's fifty day moving average is $235.36 and its two-hundred day moving average is $182.94. The firm has a market capitalization of $663.35 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly 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 return on equity of 87.34% and a net margin of 21.68%.The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group upped their target price on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Mizuho boosted their price target on Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Royal Bank Of Canada upped 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. Westpark Capital increased their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.

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.