National Wealth Management Group LLC Has $1.40 Million Stake in Oracle Corporation $ORCL

National Wealth Management Group LLC grew its holdings in Oracle Corporation (NYSE:ORCL) by 230.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,980 shares of the enterprise software provider’s stock after purchasing an additional 3,471 shares during the quarter. National Wealth Management Group LLC’s holdings in Oracle were worth $1,400,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ORCL. Winnow Wealth LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $28,000. Kilter Group LLC acquired a new stake in shares of Oracle in the second quarter worth $30,000. Darwin Wealth Management LLC increased its position in Oracle by 130.0% during the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after acquiring an additional 65 shares during the period. LGT Financial Advisors LLC bought a new position in Oracle during the second quarter worth $33,000. Finally, Financial Consulate Inc. acquired a new position in Oracle during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ORCL shares. Citigroup restated a “market outperform” rating on shares of Oracle in a report on Wednesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $342.00 target price on shares of Oracle in a research report on Friday, October 17th. William Blair restated an “outperform” rating on shares of Oracle in a research note on Friday, October 17th. DA Davidson reduced their price objective on Oracle from $200.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Finally, Weiss Ratings lowered Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $300.46.

Oracle Trading Down 0.6%

Shares of ORCL opened at $177.12 on Monday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $508.88 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 1.56 and a beta of 1.65. The stock has a fifty day moving average price of $198.36 and a two-hundred day moving average price of $239.58. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. The business had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. Analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Oracle’s dividend payout ratio is 37.59%.

Insider Buying and Selling at Oracle

In other news, EVP Douglas A. Kehring sold 35,000 shares of Oracle stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $194.89, for a total value of $6,821,150.00. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $6,555,709.82. This trade represents a 50.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the sale, the director owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 111,588 shares of company stock valued at $26,108,046 over the last three months. Insiders own 40.90% of the company’s stock.

Oracle Profile

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.