Northwestern Mutual Wealth Management Co. increased its stake in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,641 shares of the enterprise software provider’s stock after acquiring an additional 3,939 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Oracle were worth $4,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rational Advisors LLC grew its position in Oracle by 1.1% during the 4th quarter. Rational Advisors LLC now owns 11,083 shares of the enterprise software provider’s stock worth $967,000 after acquiring an additional 126 shares during the last quarter. Regal Investment Advisors LLC grew its position in shares of Oracle by 1.4% in the 4th quarter. Regal Investment Advisors LLC now owns 8,964 shares of the enterprise software provider’s stock worth $782,000 after buying an additional 126 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in shares of Oracle by 2.6% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 5,041 shares of the enterprise software provider’s stock worth $417,000 after buying an additional 126 shares during the last quarter. Smith Moore & CO. grew its position in shares of Oracle by 1.0% in the 4th quarter. Smith Moore & CO. now owns 13,075 shares of the enterprise software provider’s stock worth $1,140,000 after buying an additional 135 shares during the last quarter. Finally, Dividend Assets Capital LLC grew its position in shares of Oracle by 14.0% in the 1st quarter. Dividend Assets Capital LLC now owns 1,125 shares of the enterprise software provider’s stock worth $93,000 after buying an additional 138 shares during the last quarter. 42.33% of the stock is currently owned by institutional investors.
Oracle Price Performance
ORCL stock opened at $79.15 on Monday. Oracle Co. has a 1-year low of $63.76 and a 1-year high of $106.34. The business has a fifty day moving average price of $72.22 and a 200-day moving average price of $75.34. The stock has a market capitalization of $210.93 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.24 and a beta of 0.87.
Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.14. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The firm had revenue of $11.84 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Oracle Co. will post 4.43 earnings per share for the current year.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, July 11th. Oracle’s dividend payout ratio is currently 53.33%.
Insider Transactions at Oracle
In related news, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Safra Catz sold 980,000 shares of Oracle stock in a transaction on Friday, June 24th. The stock was sold at an average price of $69.80, for a total value of $68,404,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $78,077,721.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the sale, the insider now directly owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The disclosure for this sale can be found here. Insiders sold 3,399,174 shares of company stock worth $232,369,224 over the last quarter. 39.10% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ORCL. Stifel Nicolaus cut their price objective on Oracle from $83.00 to $72.00 in a research report on Tuesday, June 14th. Daiwa Capital Markets cut their price objective on Oracle from $87.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, June 27th. Morgan Stanley lifted their price objective on Oracle from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 20th. Cowen cut their price objective on Oracle from $107.00 to $98.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. Finally, BNP Paribas upgraded Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Hold” and an average target price of $89.77.
About Oracle
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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
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