FSB Premier Wealth Management Inc. Sells 234 Shares of Oracle Corporation (NYSE:ORCL)

FSB Premier Wealth Management Inc. lowered its stake in Oracle Corporation (NYSE:ORCL) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,769 shares of the enterprise software provider’s stock after selling 234 shares during the period. Oracle makes up approximately 1.1% of FSB Premier Wealth Management Inc.’s holdings, making the stock its 24th biggest position. FSB Premier Wealth Management Inc.’s holdings in Oracle were worth $2,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock worth $35,984,000 after buying an additional 107,404 shares in the last quarter. Rockland Trust Co. grew its stake in shares of Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock valued at $1,421,000 after purchasing an additional 467 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock valued at $99,445,000 after purchasing an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC grew its stake in shares of Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. bought a new stake in shares of Oracle during the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on shares of Oracle from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Westpark Capital upped their price target on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $270.00 in a research note on Thursday, July 10th. Finally, Citigroup upgraded shares of Oracle from a “hold” rating to a “strong-buy” rating in a report on Friday, July 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.29.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 448,669 shares of company stock valued at $85,555,309 over the last quarter. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 0.9%

Shares of ORCL opened at $250.01 on Wednesday. The firm has a market cap of $702.22 billion, a price-to-earnings ratio of 57.60, a PEG ratio of 3.70 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $253.07. The firm has a 50 day moving average price of $207.98 and a 200-day moving average price of $172.90.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during 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 business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 EPS. As a group, equities research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, July 10th. Oracle’s payout ratio is 46.08%.

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.