SageView Advisory Group LLC Acquires 585 Shares of Oracle Corporation $ORCL

SageView Advisory Group LLC lifted its position in Oracle Corporation (NYSE:ORCL) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,283 shares of the enterprise software provider’s stock after acquiring an additional 585 shares during the quarter. SageView Advisory Group LLC’s holdings in Oracle were worth $2,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Advisory Alpha LLC boosted its holdings in shares of Oracle by 12.4% in the 1st quarter. Advisory Alpha LLC now owns 3,601 shares of the enterprise software provider’s stock worth $503,000 after buying an additional 396 shares during the last quarter. Alaethes Wealth LLC boosted its holdings in shares of Oracle by 1.5% in the 1st quarter. Alaethes Wealth LLC now owns 16,130 shares of the enterprise software provider’s stock worth $2,255,000 after buying an additional 231 shares during the last quarter. SCS Capital Management LLC purchased a new stake in Oracle during the first quarter valued at about $4,753,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock valued at $1,941,195,000 after purchasing an additional 59,164 shares during the last quarter. Finally, Woodline Partners LP lifted its holdings in Oracle by 8.4% during the first quarter. Woodline Partners LP now owns 79,741 shares of the enterprise software provider’s stock valued at $11,149,000 after purchasing an additional 6,148 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 1.3%

ORCL stock opened at $241.67 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The stock has a market cap of $678.81 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46. The company’s 50 day moving average is $240.23 and its 200 day moving average is $187.60.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Analyst Ratings Changes

Several equities research analysts have commented on ORCL shares. Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Scotiabank initiated coverage on shares of Oracle in a report on Thursday, July 17th. They issued a “sector outperform” rating and a $300.00 price target on the stock. Evercore ISI increased their price target on shares of Oracle from $215.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 9th. Finally, BMO Capital Markets increased their price target on shares of Oracle from $245.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $235.61.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the company’s stock in a transaction that occurred on 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 directly owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 in the last three months. Corporate insiders own 42.20% of the company’s stock.

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.