Allworth Financial LP increased its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 50.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,324 shares of the enterprise software provider’s stock after purchasing an additional 106,615 shares during the quarter. Allworth Financial LP’s holdings in Oracle were worth $69,376,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. LGT Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter worth $33,000. Legend Financial Advisors Inc. acquired a new stake in Oracle in the second quarter worth about $34,000. HighMark Wealth Management LLC bought a new stake in Oracle during the 2nd quarter worth about $38,000. Moser Wealth Advisors LLC lifted its position in Oracle by 1,770.0% during the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock valued at $41,000 after purchasing an additional 177 shares during the period. Finally, Orion Capital Management LLC lifted its position in Oracle by 32.2% during the 2nd quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock valued at $42,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Trading Down 1.9%
Shares of NYSE:ORCL opened at $239.15 on Monday. The firm has a market cap of $681.77 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 2.96 and a beta of 1.51. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company’s fifty day simple moving average is $279.32 and its 200 day simple moving average is $231.30. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Insider Transactions at Oracle
In other news, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the sale, the director owned 29,225 shares of the company’s stock, valued at $8,443,394.75. The trade was a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 204,254 shares of company stock worth $60,227,807. Corporate insiders own 40.90% of the company’s stock.
Analyst Upgrades and Downgrades
ORCL has been the subject of a number of recent research reports. Rothschild Redb raised shares of Oracle to a “strong sell” rating in a research note on Thursday, September 25th. Melius Research upped their target price on shares of Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Rothschild & Co Redburn began coverage on Oracle in a research report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target on the stock. BMO Capital Markets set a $355.00 price objective on Oracle and gave the stock an “outperform” rating in a research note on Monday, October 13th. Finally, Evercore ISI increased their target price on Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.69.
View Our Latest Research Report on ORCL
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.
Featured Articles
- Five stocks we like better than Oracle
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- 3 Big Earnings Misses: Is It Time to Buy the Dip?
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Is Robinhood’s 11% Post-Earnings Fall a Buy-the-Dip Opportunity?
- Retail Stocks Investing, Explained
- AI Demand Is Coming—Is Microchip Technology Ready?
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.
