Steward Partners Investment Advisory LLC Raises Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Steward Partners Investment Advisory LLC increased its holdings in Oracle Corporation by 3.2% during the first quarter, owning a total of 227,463 shares valued at approximately $31.8 million.
• Oracle's recent quarterly report showed an EPS of $1.70, exceeding the consensus estimate, with revenue of $15.90 billion, marking an 11.3% year-over-year increase.
• The company declared a quarterly dividend of $0.50 per share, representing an annualized yield of 0.8%, with a payout ratio of 46.08%.

Steward Partners Investment Advisory LLC boosted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 227,463 shares of the enterprise software provider's stock after buying an additional 7,057 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Oracle were worth $31,802,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of Oracle stock opened at $248.48 on Friday. The stock's fifty day moving average is $230.54 and its two-hundred day moving average is $180.52. The company has a market capitalization of $697.94 billion, a PE ratio of 57.25, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating 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 company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend 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 is presently 46.08%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. KeyCorp boosted their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated 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 sale, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were 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 approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,183 shares of company stock worth $86,521,198. Insiders own 42.20% of the company's stock.

Oracle 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.

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