One Wealth Management Investment & Advisory Services LLC Acquires New Stake in Oracle Co. (NYSE:ORCL)

One Wealth Management Investment & Advisory Services LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,837 shares of the enterprise software provider’s stock, valued at approximately $259,000.

Other large investors also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter worth about $25,000. Tidemark LLC purchased a new stake in Oracle during the 4th quarter worth about $29,000. Nordwand Advisors LLC purchased a new stake in Oracle during the 4th quarter worth about $30,000. Frank Rimerman Advisors LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC purchased a new stake in Oracle during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

ORCL traded down $0.80 on Friday, hitting $141.81. 11,154,796 shares of the company were exchanged, compared to its average volume of 8,056,655. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The business’s fifty day moving average is $138.72 and its 200 day moving average is $128.33. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The firm has a market capitalization of $390.81 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 earnings per share. As a group, sell-side analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Guggenheim reiterated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Citigroup cut their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Oracle in a report on Friday, July 12th. Finally, Argus upped their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by insiders.

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.