RWA Wealth Partners LLC Sells 5,824 Shares of Oracle Corporation $ORCL

RWA Wealth Partners LLC cut its stake in Oracle Corporation (NYSE:ORCL) by 7.6% in the first quarter, HoldingsChannel reports. The fund owned 70,415 shares of the enterprise software provider’s stock after selling 5,824 shares during the period. RWA Wealth Partners LLC’s holdings in Oracle were worth $9,845,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC increased its holdings in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Capital International Sarl increased its holdings in Oracle by 34.4% in the fourth quarter. Capital International Sarl now owns 7,687 shares of the enterprise software provider’s stock valued at $1,281,000 after purchasing an additional 1,968 shares during the last quarter. Capital International Inc. CA increased its holdings in Oracle by 39.2% in the fourth quarter. Capital International Inc. CA now owns 80,614 shares of the enterprise software provider’s stock valued at $13,434,000 after purchasing an additional 22,709 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Oracle by 2.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 321,290 shares of the enterprise software provider’s stock worth $53,540,000 after acquiring an additional 6,729 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ORCL. The Goldman Sachs Group reissued a “neutral” rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. JMP Securities lifted their price objective on shares of Oracle from $240.00 to $315.00 and gave the company a “market outperform” rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. Mizuho boosted their target price on shares of Oracle from $245.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Barclays restated an “overweight” rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.04.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares of the company’s stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 over the last quarter. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Oracle stock opened at $248.48 on Monday. The business has a 50 day moving average of $230.54 and a 200-day moving average of $180.59. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $697.94 billion, a P/E ratio of 57.25, a P/E/G ratio of 3.71 and a beta of 1.43.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

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

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.