Absher Wealth Management LLC Has $317,000 Holdings in Oracle Corporation (NYSE:ORCL)

Absher Wealth Management LLC grew its position in shares of Oracle Corporation (NYSE:ORCL) by 5.7% in the 1st quarter, HoldingsChannel reports. The fund owned 2,264 shares of the enterprise software provider’s stock after buying an additional 122 shares during the period. Absher Wealth Management LLC’s holdings in Oracle were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Brighton Jones LLC increased its holdings in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Oracle during the fourth quarter valued at approximately $51,084,000. Revolve Wealth Partners LLC increased its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Passumpsic Savings Bank bought a new stake in shares of Oracle during the fourth quarter valued at approximately $2,114,000. Finally, Dividend Assets Capital LLC increased its holdings in shares of Oracle by 24.6% during the fourth quarter. Dividend Assets Capital LLC now owns 35,144 shares of the enterprise software provider’s stock valued at $5,856,000 after acquiring an additional 6,938 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. Barclays reiterated an “overweight” rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Stephens began coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target for the company. Westpark Capital upped their price target on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Finally, Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $196.74.

Oracle Stock Down 2.8%

Shares of NYSE ORCL opened at $205.06 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. The business’s fifty day moving average price is $160.39 and its 200-day moving average price is $161.33. The stock has a market capitalization of $573.53 billion, a PE ratio of 47.25, a P/E/G ratio of 3.08 and a beta of 1.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. Oracle’s dividend payout ratio is presently 46.08%.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the sale, the insider now owns 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 in the last 90 days. Insiders own 42.20% of the company’s stock.

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 Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.