Vectors Research Management LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 0.2% in the second quarter, Holdings Channel reports. The institutional investor owned 32,236 shares of the enterprise software provider’s stock after selling 78 shares during the period. Oracle accounts for 2.4% of Vectors Research Management LLC’s holdings, making the stock its 9th biggest holding. Vectors Research Management LLC’s holdings in Oracle were worth $7,048,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC grew its stake in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the period. Legend Financial Advisors Inc. acquired a new position in shares of Oracle during the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new position in shares of Oracle during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
Shares of NYSE ORCL opened at $312.53 on Friday. The company has a market cap of $890.96 billion, a PE ratio of 72.34, a price-to-earnings-growth ratio of 3.26 and a beta of 1.53. Oracle Corporation has a 12 month low of $118.86 and a 12 month 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 50-day simple moving average of $270.87 and a 200-day simple moving average of $214.33.
Oracle Dividend Announcement
The company 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 is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle’s payout ratio is 46.30%.
Insiders Place Their Bets
In related news, Director William G. Parrett sold 11,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the completion of the sale, the insider directly owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,769 shares of company stock valued at $36,428,967. 40.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. DA Davidson raised their target price on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Scotiabank restated an “outperform” rating on shares of Oracle in a report on Wednesday, September 10th. BNP Paribas set a $377.00 target price on shares of Oracle in a report on Wednesday, September 10th. Sanford C. Bernstein raised their target price on shares of Oracle from $363.00 to $364.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Finally, Mizuho raised their target price on shares of Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $307.00.
View Our Latest Research Report on ORCL
Oracle 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.
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