Oracle Corporation (NYSE:ORCL) Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its holdings in shares of Oracle Corporation (NYSE:ORCL) by 90.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 72,145 shares of the enterprise software provider’s stock after buying an additional 34,327 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Oracle were worth $10,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Greenwood Gearhart Inc. lifted its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after purchasing an additional 66 shares during the period. Flynn Zito Capital Management LLC lifted its stake in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider’s stock valued at $606,000 after purchasing an additional 71 shares during the period. Tiller Private Wealth Inc. lifted its stake in shares of Oracle by 4.6% in the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $224,000 after purchasing an additional 71 shares during the period. Private Wealth Management Group LLC lifted its stake in shares of Oracle by 14.9% in the 1st quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider’s stock valued at $78,000 after purchasing an additional 72 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its stake in shares of Oracle by 4.8% in the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider’s stock valued at $218,000 after purchasing an additional 72 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. BMO Capital Markets boosted their price target on shares of Oracle from $235.00 to $245.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Bank of America boosted their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, Roth Capital reaffirmed a “hold” rating on shares of Oracle in a report on Wednesday, June 18th. Nine equities research 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. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.29.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 428,303 shares of company stock valued at $82,480,056 over the last three months. Company insiders own 42.20% of the company’s stock.

Oracle Trading Up 3.4%

NYSE ORCL opened at $252.77 on Tuesday. The firm’s 50-day moving average is $215.48 and its two-hundred day moving average is $175.60. Oracle Corporation has a 12 month low of $118.86 and a 12 month 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. The stock has a market capitalization of $709.99 billion, a P/E ratio of 58.24, a PEG ratio of 3.65 and a beta of 1.43.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. Oracle’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

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.