Talon Private Wealth LLC Acquires 4,827 Shares of Oracle Corporation $ORCL

Key Points

• Talon Private Wealth LLC significantly increased its holdings in Oracle Corporation by acquiring an additional 4,827 shares, bringing its total to 4,843 shares valued at approximately $677,000.
• Oracle's stock recently rose by 4.4% and reported a quarterly earnings per share of $1.70, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.50 per share, contributing to an annualized dividend yield of 0.9%.

Talon Private Wealth LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 30,168.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,843 shares of the enterprise software provider's stock after purchasing an additional 4,827 shares during the period. Talon Private Wealth LLC's holdings in Oracle were worth $677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its holdings in Oracle by 284.9% during the first 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 last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORCL. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. CIBC restated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Finally, BMO Capital Markets raised their price objective on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $232.61.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,183 shares of company stock valued at $86,521,198. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

ORCL traded up $5.98 during trading on Monday, reaching $238.78. 18,685,572 shares of the company's stock were exchanged, compared to its average volume of 10,036,564. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. 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 business has a 50 day moving average price of $239.78 and a 200 day moving average price of $187.22. The company has a market capitalization of $670.70 billion, a P/E ratio of 55.02, a PEG ratio of 3.47 and a beta of 1.46.

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, 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. As a group, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued 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 (DPR) is presently 46.08%.

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.