Blake Schutter Theil Wealth Advisors LLC Reduces Holdings in Oracle Corporation (NYSE:ORCL)

Blake Schutter Theil Wealth Advisors LLC trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,058 shares of the enterprise software provider’s stock after selling 83 shares during the period. Blake Schutter Theil Wealth Advisors LLC’s holdings in Oracle were worth $288,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock worth $35,984,000 after acquiring an additional 107,404 shares during the period. Rockland Trust Co. grew its stake in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after acquiring an additional 467 shares during the period. Calamos Advisors LLC grew its stake in Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock worth $99,445,000 after acquiring an additional 10,426 shares during the period. Cornerstone Advisory LLC grew its stake in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after acquiring an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. acquired a new position in shares of Oracle in the 4th quarter valued at $211,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is currently owned by insiders.

Oracle Stock Performance

Oracle stock opened at $229.25 on Tuesday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. The company has a market capitalization of $643.93 billion, a price-to-earnings ratio of 52.82, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. 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 firm’s fifty day moving average price is $188.76 and its 200 day moving average price is $166.84.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.63 EPS. On average, research analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research analyst reports. Barclays reiterated an “overweight” rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Piper Sandler upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Cowen reiterated a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 9th. Finally, Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.37.

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.