WealthPlan Investment Management LLC Buys 4,464 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

• WealthPlan Investment Management LLC increased its stake in Oracle Corporation by 71.5%, acquiring an additional 4,464 shares, bringing its total to 10,706 shares valued at approximately $1.5 million.
• Oracle's latest earnings report beat expectations with $1.70 EPS on revenues of $15.90 billion, a year-over-year revenue increase of 11.3%.
• The company recently declared a quarterly dividend of $0.50 per share, representing a 0.8% yield, with a payout ratio of 46.08%.

WealthPlan Investment Management LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 71.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,706 shares of the enterprise software provider's stock after acquiring an additional 4,464 shares during the period. WealthPlan Investment Management LLC's holdings in Oracle were worth $1,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle in the first quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its stake in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL stock opened at $256.52 on Thursday. The company has a 50 day simple moving average of $219.21 and a 200 day simple moving average of $176.71. The stock has a market cap of $720.51 billion, a price-to-earnings ratio of 59.11, a P/E/G ratio of 3.81 and a beta of 1.43. 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.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS. Research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Insider Transactions at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 428,303 shares of company stock worth $82,480,056. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORCL. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. BMO Capital Markets lifted their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. JMP Securities lifted their price objective on shares of Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Finally, Bank of America lifted their target price on shares of Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a report on Tuesday. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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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