Lingohr Asset Management GmbH Has $667,000 Stake in Oracle Corporation $ORCL

Lingohr Asset Management GmbH decreased its holdings in Oracle Corporation (NYSE:ORCL) by 94.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,051 shares of the enterprise software provider’s stock after selling 53,042 shares during the period. Lingohr Asset Management GmbH’s holdings in Oracle were worth $667,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ORCL. Legacy Private Trust Co. boosted its position in Oracle by 30.3% during the second quarter. Legacy Private Trust Co. now owns 2,858 shares of the enterprise software provider’s stock worth $625,000 after purchasing an additional 665 shares during the period. Quintet Private Bank Europe S.A. boosted its position in shares of Oracle by 7.5% in the second quarter. Quintet Private Bank Europe S.A. now owns 27,908 shares of the enterprise software provider’s stock valued at $6,102,000 after acquiring an additional 1,957 shares during the period. S.E.E.D. Planning Group LLC lifted its position in Oracle by 4.7% in the second quarter. S.E.E.D. Planning Group LLC now owns 1,789 shares of the enterprise software provider’s stock worth $391,000 after purchasing an additional 80 shares during the period. GK Wealth Management LLC lifted its position in Oracle by 16.0% in the second quarter. GK Wealth Management LLC now owns 5,327 shares of the enterprise software provider’s stock worth $1,165,000 after purchasing an additional 735 shares during the period. Finally, Gallacher Capital Management LLC bought a new position in Oracle in the second quarter worth $298,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. Roth Capital reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Wolfe Research lifted their price objective on Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Jefferies Financial Group raised their target price on Oracle from $270.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. raised their target price on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Finally, Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.84.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares of the company’s stock, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Sicilia sold 15,880 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider directly owned 99,212 shares of the company’s stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,183 shares of company stock worth $10,353,198 in the last three months. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL opened at $292.07 on Monday. The business has a fifty day simple moving average of $244.69 and a 200 day simple moving average of $190.68. The company has a market capitalization of $829.98 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle Announces Dividend

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

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.