Northwestern Mutual Wealth Management Co. Buys 232,647 Shares of Oracle Corporation $ORCL

Northwestern Mutual Wealth Management Co. grew its stake in Oracle Corporation (NYSE:ORCL) by 131.3% during the first quarter, Holdings Channel.com reports. The fund owned 409,888 shares of the enterprise software provider’s stock after purchasing an additional 232,647 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Oracle were worth $57,306,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC raised its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $36,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL opened at $236.1670 on Friday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $260.87. 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 company has a market cap of $663.35 billion, a P/E ratio of 54.42, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43. The firm’s 50-day moving average price is $235.36 and its 200-day moving average price is $182.87.

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

Oracle Announces Dividend

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

Insider Buying and Selling

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares of the company’s stock, valued at approximately $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 in the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. Piper Sandler upgraded shares of Oracle from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Morgan Stanley restated an “overweight” rating on shares of Oracle in a report on Wednesday, June 18th. Evercore ISI raised their price target on shares of Oracle from $215.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Barclays restated an “overweight” rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $227.04.

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.