BIP Wealth LLC Sells 126 Shares of Oracle Corporation (NYSE:ORCL)

by · The Cerbat Gem

BIP Wealth LLC trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1.6% during the first quarter, Holdings Channel.com reports. The fund owned 7,675 shares of the enterprise software provider’s stock after selling 126 shares during the quarter. BIP Wealth LLC’s holdings in Oracle were worth $1,073,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ORCL. Greenwood Gearhart Inc. grew its stake in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock worth $955,000 after buying an additional 66 shares in the last quarter. WorthPointe LLC boosted its position in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock worth $289,000 after buying an additional 67 shares during the period. Stage Harbor Financial LLC boosted its position in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider’s stock worth $239,000 after buying an additional 68 shares during the period. Prestige Wealth Management Group LLC boosted its position in Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider’s stock worth $1,881,000 after buying an additional 70 shares during the period. Finally, Hurlow Wealth Management Group Inc. increased its stake in shares of Oracle by 1.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider’s stock valued at $691,000 after acquiring an additional 70 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Trading Up 0.1%

Shares of ORCL opened at $230.72 on Tuesday. The business’s 50-day moving average price is $188.76 and its 200-day moving average price is $166.84. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The stock has a market cap of $648.06 billion, a PE ratio of 53.05, a P/E/G ratio of 3.45 and a beta of 1.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly 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. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. On average, equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 46.08%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $270.00 in a research note on Thursday, July 10th. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. DA Davidson boosted their price target on shares of Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Cowen restated a “buy” rating on shares of Oracle in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $211.37.

View Our Latest Research Report on ORCL

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director directly owned 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,366 shares of company stock valued at $84,784,653. Company insiders own 42.20% of the company’s stock.

Oracle Company Profile

(Free Report)

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.

Further Reading

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