Claris Advisors LLC MO acquired a new stake in Oracle Corporation (NYSE:ORCL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,254 shares of the enterprise software provider’s stock, valued at approximately $274,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Oracle by 9.8% during the second quarter. Janney Montgomery Scott LLC now owns 394,451 shares of the enterprise software provider’s stock worth $86,239,000 after acquiring an additional 35,149 shares in the last quarter. Venture Visionary Partners LLC grew its stake in Oracle by 3.4% in the second quarter. Venture Visionary Partners LLC now owns 24,850 shares of the enterprise software provider’s stock valued at $5,433,000 after purchasing an additional 821 shares in the last quarter. Smith Anglin Financial LLC increased its position in shares of Oracle by 17.7% during the 2nd quarter. Smith Anglin Financial LLC now owns 4,385 shares of the enterprise software provider’s stock worth $959,000 after purchasing an additional 658 shares during the last quarter. Elser Financial Planning Inc bought a new stake in shares of Oracle during the 2nd quarter worth approximately $1,066,000. Finally, Prepared Retirement Institute LLC boosted its holdings in shares of Oracle by 22.6% in the 2nd quarter. Prepared Retirement Institute LLC now owns 2,391 shares of the enterprise software provider’s stock valued at $523,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Trading Down 0.3%
Shares of NYSE:ORCL opened at $282.68 on Tuesday. The business’s 50 day simple moving average is $258.97 and its 200 day simple moving average is $202.09. 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. The company has a market capitalization of $803.29 billion, a P/E ratio of 65.44, a P/E/G ratio of 3.05 and a beta of 1.46.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. 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 (DPR) is currently 46.30%.
Insider Buying and Selling
In other Oracle news, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Parrett sold 11,500 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,092 shares of company stock worth $32,960,165. 42.20% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities analysts recently weighed in on ORCL shares. Raymond James Financial reissued a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. The Goldman Sachs Group upped their price objective on Oracle from $195.00 to $310.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday, June 10th. Finally, Rothschild Redb raised Oracle to a “strong sell” rating in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.
View Our Latest Analysis on Oracle
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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