Oracle Corporation $ORCL Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lifted its position in shares of Oracle Corporation (NYSE:ORCLFree Report) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,467 shares of the enterprise software provider’s stock after purchasing an additional 6,348 shares during the quarter. Oracle accounts for approximately 1.1% of Daymark Wealth Partners LLC’s portfolio, making the stock its 15th largest holding. Daymark Wealth Partners LLC’s holdings in Oracle were worth $31,068,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC grew its position in Oracle by 130.0% during the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock valued at $32,000 after buying an additional 65 shares during the period. Winnow Wealth LLC purchased a new stake in shares of Oracle during the 2nd quarter worth about $28,000. Financial Consulate Inc. acquired a new stake in shares of Oracle during the 3rd quarter valued at about $37,000. Kilter Group LLC acquired a new stake in shares of Oracle during the 2nd quarter valued at about $30,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Oracle in the 2nd quarter valued at about $33,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Key Oracle News

Here are the key news stories impacting Oracle this week:

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORCL. JPMorgan Chase & Co. lowered their price target on Oracle from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Morgan Stanley boosted their price objective on Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 23rd. Scotiabank decreased their target price on Oracle from $360.00 to $260.00 and set a “sector outperform” rating on the stock in a research report on Thursday, December 11th. Cowen reissued a “buy” rating on shares of Oracle in a report on Thursday, December 4th. Finally, Melius Research upped their price objective on shares of Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $304.94.

Check Out Our Latest Research Report on ORCL

Oracle Stock Performance

NYSE:ORCL opened at $192.75 on Tuesday. The company has a market cap of $553.80 billion, a P/E ratio of 36.23, a P/E/G ratio of 1.74 and a beta of 1.65. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company’s 50-day moving average price is $214.41 and its 200-day moving average price is $242.76. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCLGet Free Report) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The firm had revenue of $16.06 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the prior year, the business posted $1.47 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, January 9th. Oracle’s payout ratio is currently 37.59%.

Insider Activity

In related news, EVP Stuart Levey sold 19,758 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 18,429 shares in the company, valued at $5,528,700. This trade represents a 51.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey Berg sold 49,365 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the sale, the director owned 151,999 shares in the company, valued at $43,018,756.98. This trade represents a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,346 shares of company stock worth $39,082,996 in the last quarter. Insiders own 40.90% of the company’s stock.

Oracle Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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