EP Wealth Advisors LLC Increases Holdings in Oracle Corporation $ORCL

EP Wealth Advisors LLC increased its position in Oracle Corporation (NYSE:ORCL) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,618 shares of the enterprise software provider’s stock after purchasing an additional 12,353 shares during the quarter. EP Wealth Advisors LLC’s holdings in Oracle were worth $28,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Engineers Gate Manager LP increased its stake in shares of Oracle by 321.6% during the second quarter. Engineers Gate Manager LP now owns 90,717 shares of the enterprise software provider’s stock valued at $19,833,000 after buying an additional 69,199 shares during the period. Curi Capital LLC bought a new position in Oracle during the 2nd quarter worth about $7,529,000. Benjamin Edwards Inc. grew its holdings in Oracle by 3.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 97,942 shares of the enterprise software provider’s stock worth $21,413,000 after acquiring an additional 3,495 shares in the last quarter. Bridgeway Capital Management LLC increased its position in Oracle by 2.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 139,307 shares of the enterprise software provider’s stock valued at $30,457,000 after purchasing an additional 2,910 shares during the period. Finally, Benchstone Capital Management LP bought a new stake in shares of Oracle in the 2nd quarter valued at about $26,727,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. Baird R W raised shares of Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Oracle in a research report on Thursday, December 4th. BNP Paribas set a $377.00 target price on shares of Oracle in a report on Wednesday, September 10th. Erste Group Bank cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Piper Sandler reduced their price target on Oracle from $380.00 to $290.00 and set an “overweight” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $301.57.

Oracle Price Performance

NYSE ORCL opened at $189.64 on Friday. The company has a market cap of $540.62 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.24 and a beta of 1.66. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.62. The stock’s fifty day moving average price is $245.58 and its 200 day moving average price is $240.83. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

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

Oracle Announces Dividend

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

Insider Activity at Oracle

In other Oracle news, Director Jeffrey Berg sold 49,365 shares of Oracle stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares in the company, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the completion of the sale, the chief executive officer owned 154,030 shares in the company, valued at $42,610,859.20. The trade was a 20.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 171,513 shares of company stock worth $50,397,893 in the last ninety days. 40.90% of the stock is owned by company insiders.

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.