ORG Wealth Partners LLC Acquires 1,201 Shares of Oracle Corporation (NYSE:ORCL)

ORG Wealth Partners LLC lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 32.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,948 shares of the enterprise software provider's stock after purchasing an additional 1,201 shares during the quarter. ORG Wealth Partners LLC's holdings in Oracle were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital & Planning LLC raised its position in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after acquiring an additional 81 shares in the last quarter. Brighton Jones LLC raised its position in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Oracle during the fourth quarter worth $51,084,000. Revolve Wealth Partners LLC raised its position in Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Oracle by 4.3% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,689 shares of the enterprise software provider's stock worth $781,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ORCL shares. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. UBS Group reissued a "buy" rating and issued a $225.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 in the last ninety days. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 1.2%

ORCL opened at $210.63 on Thursday. The company's 50 day moving average is $157.39 and its 200-day moving average is $161.16. Oracle Corporation has a 1-year low of $118.86 and a 1-year 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 company has a market cap of $589.13 billion, a P/E ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the company posted $1.63 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.95%. Oracle's dividend payout ratio is presently 46.08%.

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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