Taylor & Morgan Wealth Management LLC Purchases New Stake in Oracle Corporation $ORCL

Taylor & Morgan Wealth Management LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL) in the second quarter, Holdings Channel reports. The firm purchased 1,093 shares of the enterprise software provider’s stock, valued at approximately $239,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Shell Asset Management Co. raised its holdings in Oracle by 205.3% in the 4th quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider’s stock worth $3,709,000 after purchasing an additional 14,968 shares in the last quarter. Sender Co & Partners Inc. bought a new position in Oracle in the 4th quarter worth $1,417,000. Finally, Toronto Dominion Bank raised its holdings in Oracle by 15.2% in the 4th quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider’s stock worth $113,199,000 after purchasing an additional 89,723 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Shares of ORCL stock opened at $292.07 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company’s 50-day moving average is $244.69 and its 200 day moving average is $190.50. The company has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the firm posted $1.63 EPS. Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio is 46.30%.

Analyst Ratings Changes

Several research analysts have commented on ORCL shares. Raymond James Financial restated a “strong-buy” rating on shares of Oracle in a report on Wednesday, June 18th. Evercore ISI upped their price objective on shares of Oracle from $270.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday. Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Finally, Guggenheim increased their price target on shares of Oracle from $250.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $296.84.

Insider Activity at Oracle

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

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.