SWS Partners Has $2.52 Million Stock Holdings in Oracle Corporation $ORCL

SWS Partners grew its position in shares of Oracle Corporation (NYSE:ORCL) by 1.8% during the first quarter, HoldingsChannel.com reports. The firm owned 18,043 shares of the enterprise software provider’s stock after purchasing an additional 318 shares during the period. SWS Partners’ holdings in Oracle were worth $2,523,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORCL. Brighton Jones LLC boosted its stake in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Oracle by 8.1% during 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 in the last quarter. Lighthouse Investment Partners LLC boosted its stake in shares of Oracle by 22.8% during the fourth quarter. Lighthouse Investment Partners LLC now owns 14,740 shares of the enterprise software provider’s stock valued at $2,456,000 after purchasing an additional 2,740 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its stake in shares of Oracle by 10.6% during the fourth quarter. Northwest Quadrant Wealth Management LLC now owns 1,867 shares of the enterprise software provider’s stock valued at $311,000 after purchasing an additional 179 shares in the last quarter. Finally, Northeast Financial Consultants Inc lifted its stake in shares of Oracle by 9.6% in the fourth quarter. Northeast Financial Consultants Inc now owns 5,355 shares of the enterprise software provider’s stock worth $892,000 after acquiring an additional 467 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Jefferies Financial Group lifted their price objective on Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group set a $300.00 price objective on Oracle in a research note on Wednesday. BMO Capital Markets set a $345.00 price objective on Oracle in a research note on Wednesday. Finally, Bank of America raised Oracle from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $295.00 to $368.00 in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $296.84.

Oracle Trading Up 36.0%

Shares of Oracle stock opened at $328.40 on Thursday. The stock has a fifty day simple moving average of $242.19 and a 200 day simple moving average of $188.57. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a market capitalization of $922.41 billion, a P/E ratio of 76.02, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 80.42% and a net margin of 21.08%.The business 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 company posted $1.63 earnings per share. Oracle’s revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.6%. Oracle’s dividend payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares in the company, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the acquisition, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 44,183 shares of company stock valued at $10,353,198 in the last three months. Insiders own 42.20% of the company’s stock.

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.