Accredited Investors Inc. lowered its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,195 shares of the enterprise software provider’s stock after selling 511 shares during the quarter. Accredited Investors Inc.’s holdings in Oracle were worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. LGT Financial Advisors LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $33,000. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle during the second quarter worth approximately $34,000. HighMark Wealth Management LLC acquired a new stake in Oracle in the second quarter valued at approximately $38,000. Moser Wealth Advisors LLC raised its holdings in Oracle by 1,770.0% in the second quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock valued at $41,000 after acquiring an additional 177 shares in the last quarter. Finally, Orion Capital Management LLC lifted its stake in Oracle by 32.2% in the second quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock worth $42,000 after acquiring an additional 47 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Stock Performance
Shares of ORCL opened at $235.95 on Wednesday. The stock has a market capitalization of $672.64 billion, a P/E ratio of 54.62, a P/E/G ratio of 2.96 and a beta of 1.51. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company’s fifty day moving average is $279.83 and its two-hundred day moving average is $232.71.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s payout ratio is presently 46.30%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on ORCL shares. William Blair reissued an “outperform” rating on shares of Oracle in a research report on Friday, October 17th. Scotiabank boosted their target price on shares of Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. BMO Capital Markets set a $355.00 target price on Oracle and gave the company an “outperform” rating in a report on Monday, October 13th. Redburn Partners set a $175.00 price target on Oracle in a research note on Thursday, September 25th. Finally, Melius Research upped their price objective on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.69.
Check Out Our Latest Stock Report on Oracle
Insider Buying and Selling at Oracle
In other Oracle news, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stuart Levey sold 19,758 shares of the business’s 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 sale, the executive vice president owned 18,429 shares in the company, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 204,254 shares of company stock worth $60,227,807. 40.90% of the stock is currently owned by company insiders.
About Oracle
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.
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