StrongBox Wealth LLC Increases Holdings in Oracle Corporation $ORCL

StrongBox Wealth LLC raised its holdings in shares of Oracle Corporation (NYSE:ORCL) by 68.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,404 shares of the enterprise software provider’s stock after purchasing an additional 6,235 shares during the period. Oracle accounts for about 1.5% of StrongBox Wealth LLC’s holdings, making the stock its 27th largest holding. StrongBox Wealth LLC’s holdings in Oracle were worth $4,332,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ORCL. Winnow Wealth LLC purchased a new stake in Oracle in the second quarter worth $28,000. Kilter Group LLC bought a new position in Oracle in the 2nd quarter worth $30,000. LGT Financial Advisors LLC bought a new position in Oracle in the 2nd quarter worth $33,000. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle in the 2nd quarter worth about $34,000. Finally, HighMark Wealth Management LLC bought a new stake in shares of Oracle during the 2nd quarter valued at about $38,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of Oracle stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the sale, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the transaction, the director owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This represents a 7.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 155,190 shares of company stock valued at $45,279,001. Company insiders own 40.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BNP Paribas set a $377.00 price target on shares of Oracle in a research note on Wednesday, September 10th. Wolfe Research increased their target price on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. UBS Group set a $325.00 price target on Oracle in a research report on Thursday, December 11th. Scotiabank decreased their price objective on Oracle from $360.00 to $260.00 and set a “sector outperform” rating for the company in a report on Thursday, December 11th. Finally, William Blair reissued an “outperform” rating on shares of Oracle in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $302.92.

Oracle Trading Down 5.4%

Oracle stock opened at $178.46 on Thursday. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a market capitalization of $512.74 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 1.70 and a beta of 1.66. The business’s fifty day simple moving average is $239.32 and its two-hundred day simple moving average is $241.81. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. The firm had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.Oracle’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 EPS. As a group, equities analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s dividend payout ratio is currently 37.59%.

Oracle Company 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.