TCW Group Inc. Acquires 1,504 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• TCW Group Inc. increased its stake in Oracle Corporation by 1.6%, bringing its total shares to 96,319 valued at approximately $13.5 million.
• Insider trading revealed significant sells, including Director Naomi O. Seligman offloading 3,303 shares valued at about $770,656 and Director Leon E. Panetta selling 17,500 shares for approximately $2.65 million.
• Analysts have raised their price targets on Oracle, with TD Cowen projecting a target price of $275, contributing to a consensus rating of "Moderate Buy" from multiple analysts.

TCW Group Inc. lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,319 shares of the enterprise software provider's stock after buying an additional 1,504 shares during the period. TCW Group Inc.'s holdings in Oracle were worth $13,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC raised its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new stake in Oracle during the 4th quarter worth $30,000. Finally, Hurley Capital LLC acquired a new stake in Oracle during the 4th quarter worth $33,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Director Rona Alison Fairhead acquired 480 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORCL has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. TD Cowen lifted their price target on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, DA Davidson lifted their price objective on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Oracle Trading Up 2.7%

Shares of Oracle stock traded up $6.75 during trading hours on Thursday, hitting $257.35. The company's stock had a trading volume of 9,412,331 shares, compared to its average volume of 12,064,594. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The business has a fifty day moving average of $209.84 and a 200 day moving average of $173.44. The company has a market capitalization of $722.85 billion, a PE ratio of 59.52, a P/E/G ratio of 3.73 and a beta of 1.39. 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 (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm earned $1.63 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced 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 was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.78%. Oracle's dividend payout ratio (DPR) is 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.