Souders Financial Advisors Has $263,000 Holdings in Oracle Corporation (NYSE:ORCL)

Souders Financial Advisors boosted its stake in Oracle Corporation (NYSE:ORCL) by 39.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,880 shares of the enterprise software provider’s stock after buying an additional 532 shares during the quarter. Souders Financial Advisors’ holdings in Oracle were worth $263,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Oracle in the fourth quarter valued at $2,216,314,000. GAMMA Investing LLC lifted its position in Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after buying an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Vanguard Group Inc. increased its position in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Oracle by 268.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock worth $512,909,000 after acquiring an additional 2,242,520 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The stock was 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 $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 448,669 shares of company stock worth $85,555,309. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $245.30 on Monday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $251.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $689.01 billion, a PE ratio of 56.52, a P/E/G ratio of 3.66 and a beta of 1.39. The stock has a 50-day moving average price of $196.21 and a two-hundred day moving average price of $168.97.

Oracle (NYSE:ORCL) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during 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%. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. Analysts expect that Oracle Corporation will post 5 EPS for the current 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle’s payout ratio is 46.08%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ORCL shares. Morgan Stanley reissued an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, June 12th. Stifel Nicolaus upgraded Oracle from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.29.

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.