Wealthfront Advisers LLC Purchases 17,997 Shares of Oracle Corporation $ORCL

Wealthfront Advisers LLC increased its position in shares of Oracle Corporation (NYSE:ORCLFree Report) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,450 shares of the enterprise software provider’s stock after acquiring an additional 17,997 shares during the period. Wealthfront Advisers LLC’s holdings in Oracle were worth $60,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank lifted its position in shares of Oracle by 7.6% during the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock valued at $1,113,526,000 after buying an additional 360,000 shares during the last quarter. Patton Fund Management Inc. lifted its holdings in Oracle by 626.1% during the third quarter. Patton Fund Management Inc. now owns 11,537 shares of the enterprise software provider’s stock valued at $3,245,000 after purchasing an additional 9,948 shares during the last quarter. Private Wealth Asset Management LLC boosted its position in Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after purchasing an additional 321 shares during the period. Soltis Investment Advisors LLC increased its stake in shares of Oracle by 4.8% in the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Ironwood Investment Counsel LLC increased its stake in shares of Oracle by 45.3% in the second quarter. Ironwood Investment Counsel LLC now owns 3,723 shares of the enterprise software provider’s stock worth $814,000 after purchasing an additional 1,161 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 9.9%

Shares of Oracle stock opened at $156.94 on Tuesday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company’s 50 day moving average price is $187.88 and its 200-day moving average price is $233.45. The stock has a market capitalization of $450.91 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 1.25 and a beta of 1.64.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period last year, the company earned $1.47 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, January 9th. Oracle’s payout ratio is presently 37.59%.

Trending Headlines about Oracle

Here are the key news stories impacting Oracle this week:

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. Piper Sandler dropped their target price on Oracle from $290.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Citizens Jmp decreased their price objective on Oracle from $342.00 to $285.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 5th. Morgan Stanley cut their target price on Oracle from $320.00 to $213.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Evercore lifted their target price on Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Barclays reissued an “overweight” rating on shares of Oracle in a report on Monday, February 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $292.43.

Get Our Latest Report on ORCL

Insiders Place Their Bets

In related news, EVP Douglas A. Kehring sold 35,000 shares of Oracle stock in a transaction dated 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 in the company, 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 can be accessed through the SEC website. Also, insider Mark Hura sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $196.89, for a total transaction of $2,953,350.00. Following the completion of the sale, the insider owned 234,077 shares in the company, valued at $46,087,420.53. This represents a 6.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 62,223 shares of company stock valued at $12,136,764. Insiders own 40.90% of the company’s stock.

Oracle Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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