Tranquilli Financial Advisor LLC Lowers Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• Tranquilli Financial Advisor LLC reduced its stake in Oracle Corporation by 20.4% in the first quarter, holding 4,479 shares worth $626,000 at the period's end.
• Oracle reported $1.70 earnings per share (EPS) for its last quarter, exceeding expectations of $1.64, alongside a year-over-year revenue increase of 11.3%.
• Following various analyst reports, Oracle's stock has seen target price upgrades, with Piper Sandler raising their target from $190.00 to $270.00, reflecting growing investor confidence.

Tranquilli Financial Advisor LLC cut its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 20.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,479 shares of the enterprise software provider's stock after selling 1,148 shares during the quarter. Tranquilli Financial Advisor LLC's holdings in Oracle were worth $626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. AIA Group Ltd grew its holdings in shares of Oracle by 13.6% during the first quarter. AIA Group Ltd now owns 26,298 shares of the enterprise software provider's stock worth $3,677,000 after buying an additional 3,142 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in Oracle by 16.4% in the first quarter. Financial Engines Advisors L.L.C. now owns 9,133 shares of the enterprise software provider's stock valued at $1,277,000 after purchasing an additional 1,284 shares during the period. Ballast Inc. grew its holdings in Oracle by 5.7% in the first quarter. Ballast Inc. now owns 4,672 shares of the enterprise software provider's stock valued at $653,000 after purchasing an additional 250 shares during the period. Meridian Wealth Management LLC grew its holdings in Oracle by 14.9% in the first quarter. Meridian Wealth Management LLC now owns 47,644 shares of the enterprise software provider's stock valued at $6,661,000 after purchasing an additional 6,166 shares during the period. Finally, Operose Advisors LLC grew its holdings in Oracle by 50.2% in the first quarter. Operose Advisors LLC now owns 314 shares of the enterprise software provider's stock valued at $44,000 after purchasing an additional 105 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Up 0.3%

NYSE ORCL opened at $250.04 on Monday. The stock has a market cap of $702.32 billion, a P/E ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. The company's fifty day simple moving average is $222.64 and its 200-day simple moving average is $177.75. The company has a current ratio of 0.75, a quick 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 posted its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle's dividend payout ratio is currently 46.08%.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 over the last ninety days. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $190.00 to $270.00 in a report on Thursday, July 10th. TD Cowen boosted their target price on shares of Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Royal Bank Of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. DA Davidson boosted their target price on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, KeyCorp boosted their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $222.75.

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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