Westwood Wealth Management Acquires 1,575 Shares of Oracle Corporation $ORCL

Key Points

• Westwood Wealth Management increased its stake in Oracle Corporation by 29.2%, purchasing an additional 1,575 shares during the first quarter, bringing their total holding to 6,975 shares valued at approximately $975,000.
• Several hedge funds have adjusted their positions in Oracle, with Nuveen LLC acquiring a new stake worth $732 million, and GAMMA Investing LLC increasing its stake by an impressive 15,012.3% during the same quarter.
• Oracle recently announced a $0.50 quarterly dividend, resulting in an annualized yield of 0.8%, amidst reports of strong quarterly earnings that exceeded analyst expectations.

Westwood Wealth Management raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 29.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,975 shares of the enterprise software provider's stock after buying an additional 1,575 shares during the period. Oracle comprises approximately 0.4% of Westwood Wealth Management's investment portfolio, making the stock its 29th biggest position. Westwood Wealth Management's holdings in Oracle were worth $975,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ORCL. Vanguard Group Inc. grew its position in Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares in the last quarter. Northern Trust Corp lifted its stake in Oracle by 0.6% in the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock valued at $2,760,048,000 after acquiring an additional 120,889 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Oracle by 20.5% during the 4th 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 valued at $2,303,858,000 after purchasing an additional 2,350,448 shares in the last quarter. Polen Capital Management LLC raised its holdings in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider's stock valued at $1,762,878,000 after buying an additional 1,885,370 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Oracle by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,975,191 shares of the enterprise software provider's stock valued at $1,534,624,000 after acquiring an additional 94,236 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock valued at $86,521,198 in the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 1.3%

Shares of NYSE:ORCL traded up $3.0070 during trading on Friday, hitting $236.1670. 9,333,223 shares of the company's stock traded hands, compared to its average volume of 10,425,400. The company has a market cap of $663.35 billion, a price-to-earnings ratio of 54.42, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $260.87. 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 50-day moving average price of $235.36 and a 200-day moving average price of $182.94.

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, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 earnings per share. As a group, research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm 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 (DPR) is currently 46.08%.

Analyst Ratings Changes

A number of research firms have weighed in on ORCL. Roth Capital reissued a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank initiated coverage on shares of Oracle in a report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price target on the stock. Loop Capital set a $135.00 target price on Oracle in a report on Tuesday, June 10th. TD Cowen increased their price target on Oracle from $275.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Mizuho increased their price objective on shares of Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $227.04.

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.