Oracle Corporation $ORCL Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC sold 5,824 shares of Oracle Corporation, decreasing its position by 7.6%, leaving it with 70,415 shares valued at approximately $9.85 million.
• Oracle has received positive forecasts from analysts, with target price increases including an upgrade by JPMorgan to $185 and KeyCorp to $225, indicating strong market performance expectations.
• Oracle recently announced a quarterly dividend of $0.50 per share, representing an annualized yield of 0.8%, and had a net margin of 21.68% in its latest financial results.

RWA Wealth Partners LLC lowered its position in Oracle Corporation (NYSE:ORCL - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,415 shares of the enterprise software provider's stock after selling 5,824 shares during the period. RWA Wealth Partners LLC's holdings in Oracle were worth $9,845,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Vanguard Group Inc. increased its stake in shares of Oracle by 2.2% during 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 purchasing an additional 3,513,464 shares in the last quarter. Northern Trust Corp grew its stake in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after buying an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Oracle by 20.5% during the fourth 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 buying an additional 2,350,448 shares during the period. Polen Capital Management LLC grew its stake in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after buying an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after purchasing an additional 94,236 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several analyst reports. Scotiabank began coverage on shares of Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. JMP Securities raised their target price on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Finally, Cowen reissued a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Nine equities 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $227.04.

Oracle Price Performance

NYSE ORCL opened at $248.48 on Monday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a market cap 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. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a fifty day simple moving average of $230.54 and a 200 day simple moving average of $180.59.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 company 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 company posted $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the 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 $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% 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 worth $86,521,198 over the last ninety days. Company insiders own 42.20% of the company's stock.

About Oracle

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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