WCG Wealth Advisors LLC Sells 6,484 Shares of Oracle Corporation $ORCL

Key Points

• WCG Wealth Advisors LLC has reduced its holdings in Oracle Corporation by 12.8%, selling 6,484 shares during the first quarter, leaving them with a total of 44,038 shares valued at approximately $6.16 million.
• Oracle recently reported Q1 earnings of $1.70 per share, exceeding analysts' expectations, along with a revenue of $15.90 billion, reflecting an 11.3% increase compared to the previous year.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00, equating to a dividend yield of 0.8%.

WCG Wealth Advisors LLC decreased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,038 shares of the enterprise software provider's stock after selling 6,484 shares during the period. WCG Wealth Advisors LLC's holdings in Oracle were worth $6,157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Oracle by 2.2% in the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. Northern Trust Corp boosted its stake in shares of Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Polen Capital Management LLC boosted its stake in shares of Oracle by 17.6% in the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Oracle by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock worth $1,534,624,000 after acquiring an additional 94,236 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 1.3%

Shares of ORCL stock opened at $236.1670 on Monday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's 50 day simple moving average is $235.36 and its two-hundred day simple moving average is $182.94. The company has a market cap of $663.35 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The company's quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

Insider Transactions at Oracle

In other Oracle news, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction dated Monday, July 7th. The shares were purchased 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 owned 22,110 shares in the company, valued at $5,170,865.70. This represents a 2.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred 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 owned 31,447 shares in the company, 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. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Bank of America increased their price target on Oracle from $220.00 to $295.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and increased their price target for the company from $190.00 to $270.00 in a research note on Thursday, July 10th. UBS Group increased their price target on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $227.04.

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.

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