FWG Holdings LLC Makes New Investment in Oracle Corporation (NYSE:ORCL)

FWG Holdings LLC bought a new position in Oracle Corporation (NYSE:ORCL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,588 shares of the enterprise software provider’s stock, valued at approximately $364,000.

A number of other large investors have also recently bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC raised its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $33,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $234.97 on Wednesday. The company has a market capitalization of $659.99 billion, a PE ratio of 54.14, a price-to-earnings-growth ratio of 3.43 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $190.49 and its 200 day moving average price is $167.32.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. As a group, analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid 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 0.85%. Oracle’s payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen lifted their price target on Oracle from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Bank of America raised their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, June 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 18th. Finally, UBS Group set a $250.00 price target on shares of Oracle and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $211.37.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director owned 31,764 shares of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 445,366 shares of company stock valued at $84,784,653 over the last 90 days. Company insiders own 42.20% of the company’s stock.

Oracle 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.