Good Steward Wealth Advisors LLC Makes New $666,000 Investment in Oracle Corporation (NYSE:ORCL)

Good Steward Wealth Advisors LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,762 shares of the enterprise software provider’s stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the fourth quarter worth $34,000. Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Oracle during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 1.2%

Shares of NYSE ORCL opened at $210.63 on Friday. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60. The company has a market cap of $589.13 billion, a price-to-earnings ratio of 48.53, a P/E/G ratio of 3.16 and a beta of 1.32. The business has a fifty day simple moving average of $158.93 and a 200-day simple moving average of $161.36.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ORCL shares. Barclays reaffirmed an “overweight” rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Piper Sandler restated a “neutral” rating and set a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. BMO Capital Markets raised shares of Oracle from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $200.00 to $235.00 in a research note on Friday, June 13th. Loop Capital set a $135.00 price objective on shares of Oracle in a report on Tuesday, June 10th. Finally, Citigroup reissued an “outperform” rating on shares of Oracle in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $196.74.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is owned by corporate insiders.

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.