Oracle Corporation $ORCL Shares Acquired by CW Advisors LLC

CW Advisors LLC grew its position in Oracle Corporation (NYSE:ORCL) by 15.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 150,773 shares of the enterprise software provider’s stock after acquiring an additional 19,666 shares during the period. CW Advisors LLC’s holdings in Oracle were worth $21,265,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new position in Oracle in the fourth quarter valued at $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle in the fourth quarter valued at $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent research reports. KeyCorp lifted their target price on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Evercore ISI lifted their target price on Oracle from $215.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Piper Sandler upgraded Oracle from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Guggenheim lifted their target price on Oracle from $220.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Oracle in a report on Wednesday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.04.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 444,183 shares of company stock worth $86,521,198. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.2%

Oracle stock opened at $235.1560 on Thursday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $660.51 billion, a P/E ratio of 54.18, a PEG ratio of 3.50 and a beta of 1.43. The stock has a 50-day simple moving average of $234.29 and a 200-day simple moving average of $181.88.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The business’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s payout ratio is presently 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.