National Wealth Management Group LLC Boosts Stock Position in Oracle Corporation $ORCL

National Wealth Management Group LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 230.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,980 shares of the enterprise software provider’s stock after purchasing an additional 3,471 shares during the quarter. National Wealth Management Group LLC’s holdings in Oracle were worth $1,400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Norges Bank bought a new position in shares of Oracle in the 2nd quarter worth approximately $4,275,378,000. Jennison Associates LLC raised its position in shares of Oracle by 2,062.4% during the 3rd quarter. Jennison Associates LLC now owns 9,227,252 shares of the enterprise software provider’s stock valued at $2,595,072,000 after purchasing an additional 8,800,546 shares during the period. Vanguard Group Inc. raised its stake in Oracle by 2.1% during the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after purchasing an additional 3,353,461 shares in the last quarter. Invesco Ltd. boosted its stake in Oracle by 42.1% during the second quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock worth $1,932,507,000 after buying an additional 2,619,722 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in Oracle by 21,239.6% in the second quarter. Laurel Wealth Advisors LLC now owns 1,729,145 shares of the enterprise software provider’s stock worth $378,043,000 after purchasing an additional 1,721,042 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the sale, the director owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clayton M. Magouyrk sold 10,000 shares of Oracle stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $192.52, for a total value of $1,925,200.00. Following the sale, the chief executive officer owned 144,030 shares in the company, valued at $27,728,655.60. This represents a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 111,588 shares of company stock worth $26,108,046 in the last quarter. Insiders own 40.90% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $177.12 on Monday. The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day moving average price is $198.36 and its two-hundred day moving average price is $239.58. The stock has a market cap of $508.88 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.65. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The business had revenue of $16.06 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, January 9th. Oracle’s payout ratio is 37.59%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of Oracle in a research note on Wednesday, December 17th. DA Davidson lowered their price objective on Oracle from $200.00 to $180.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Stifel Nicolaus decreased their target price on shares of Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Cantor Fitzgerald decreased their target price on Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Finally, Weiss Ratings lowered shares of Oracle from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.46.

About Oracle

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.