CreativeOne Wealth LLC Buys 2,253 Shares of Oracle Co. (NYSE:ORCL)

CreativeOne Wealth LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 54.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,363 shares of the enterprise software provider’s stock after acquiring an additional 2,253 shares during the period. CreativeOne Wealth LLC’s holdings in Oracle were worth $670,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Oracle by 5.7% during the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Northern Trust Corp grew its stake in shares of Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after buying an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Oracle by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after buying an additional 204,546 shares during the last quarter. Norges Bank bought a new stake in shares of Oracle during the fourth quarter worth $1,210,181,000. Finally, Invesco Ltd. grew its stake in shares of Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock worth $897,342,000 after buying an additional 89,876 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders sold 880,000 shares of company stock valued at $110,488,150 over the last three months. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $124.60 on Thursday. Oracle Co. has a 52-week low of $97.29 and a 52-week high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $342.46 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.90 and a beta of 1.03. The company has a fifty day moving average of $121.40 and a 200-day moving average of $114.83.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. As a group, equities research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Analyst Ratings Changes

A number of analysts have weighed in on ORCL shares. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.76.

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.