Twin City Private Wealth LLC Has $1.02 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Key Points

• Twin City Private Wealth LLC reduced its position in Oracle Corporation by 30.4%, selling 3,202 shares and leaving it with 7,321 shares valued at approximately $1.02 million.
• Oracle's stock opened at $255.80, with a 12-month high of $260.87 and a market cap of $718.50 billion, and the company recently reported a quarterly revenue of $15.90 billion.
• The company announced a quarterly dividend of $0.50 per share, translating to an annualized dividend yield of 0.8%, with a payout ratio of 46.08%.

Twin City Private Wealth LLC lowered its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 30.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,321 shares of the enterprise software provider's stock after selling 3,202 shares during the quarter. Twin City Private Wealth LLC's holdings in Oracle were worth $1,024,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bouchey Financial Group Ltd boosted its position in Oracle by 14.3% during the first quarter. Bouchey Financial Group Ltd now owns 1,626 shares of the enterprise software provider's stock worth $227,000 after acquiring an additional 204 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Oracle by 338.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 17,815 shares of the enterprise software provider's stock worth $2,491,000 after buying an additional 13,751 shares during the period. Leisure Capital Management lifted its stake in shares of Oracle by 6.7% in the first quarter. Leisure Capital Management now owns 7,559 shares of the enterprise software provider's stock worth $1,057,000 after acquiring an additional 473 shares in the last quarter. ABC Arbitrage SA acquired a new position in shares of Oracle in the 1st quarter valued at approximately $1,562,000. Finally, Three Seasons Wealth LLC boosted its stake in Oracle by 8.4% during the 1st quarter. Three Seasons Wealth LLC now owns 11,747 shares of the enterprise software provider's stock valued at $1,642,000 after acquiring an additional 912 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORCL shares. TD Cowen increased their price objective on shares of Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp upped their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $222.75.

Oracle Price Performance

ORCL stock traded up $0.85 during midday trading on Wednesday, reaching $256.52. 9,919,562 shares of the company's stock traded hands, compared to its average volume of 10,380,186. The company has a 50-day simple moving average of $217.36 and a two-hundred day simple moving average of $176.15. 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 1-year low of $118.86 and a 1-year high of $260.87. The company has a market cap of $720.51 billion, a price-to-earnings ratio of 59.11, a PEG ratio of 3.81 and a beta of 1.43.

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 analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 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 sold 428,303 shares of company stock valued at $82,480,056 over the last three months. Insiders own 42.20% of the company's stock.

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.