Westwood Wealth Management Buys 1,575 Shares of Oracle Corporation $ORCL

Westwood Wealth Management lifted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 29.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,975 shares of the enterprise software provider’s stock after purchasing an additional 1,575 shares during the period. Oracle comprises approximately 0.4% of Westwood Wealth Management’s investment portfolio, making the stock its 29th largest holding. Westwood Wealth Management’s holdings in Oracle were worth $975,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ORCL. Nuveen LLC bought a new stake in shares of Oracle during the 1st quarter worth $732,692,000. GAMMA Investing LLC raised its stake in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after purchasing an additional 4,723,631 shares during the period. Vanguard Group Inc. raised its stake in shares of Oracle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Oracle by 268.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,077,947 shares of the enterprise software provider’s stock valued at $512,909,000 after purchasing an additional 2,242,520 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares of the company’s stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,183 shares of company stock valued at $86,521,198 in the last ninety days. Insiders own 42.20% of the company’s stock.

Oracle Stock Up 1.3%

ORCL stock opened at $236.1670 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $663.35 billion, a PE ratio of 54.42, a PEG ratio of 3.48 and a beta of 1.43. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The stock has a 50-day simple moving average of $235.36 and a two-hundred day simple moving average of $182.79.

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

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s payout ratio is presently 46.08%.

Analyst Ratings Changes

ORCL has been the subject of a number of research reports. Westpark Capital increased their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Guggenheim increased their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 18th. BMO Capital Markets increased their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Barclays reiterated an “overweight” rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $227.04.

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.