Oracle Corporation (NYSE:ORCL) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,241 shares of the enterprise software provider's stock after acquiring an additional 7,284 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Oracle were worth $10,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the first quarter worth $28,000. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $30,000. Hurley Capital LLC purchased a new position in shares of Oracle in the fourth quarter worth $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter worth $36,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Up 1.0%

NYSE:ORCL traded up $2.36 during mid-day trading on Tuesday, hitting $234.62. The stock had a trading volume of 20,331,415 shares, compared to its average volume of 10,232,483. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.18. The stock has a 50-day simple moving average of $179.98 and a two-hundred day simple moving average of $164.65. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $659.01 billion, a PE ratio of 54.06, a PEG ratio of 3.48 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. On average, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. Oracle's dividend payout ratio is currently 46.08%.

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value 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 $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 450,366 shares of company stock worth $85,433,503. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on ORCL shares. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price on shares of Oracle in a report on Wednesday, June 11th. DA Davidson raised their price objective on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Roth Capital reaffirmed a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

About Oracle

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.