 Creekmur Asset Management LLC grew its position in  Oracle Corporation (NYSE:ORCL – Free Report) by 21.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,827 shares of the enterprise software provider’s stock after buying an additional 507 shares during the quarter. Creekmur Asset Management LLC’s holdings in Oracle were worth $618,000 at the end of the most recent reporting period.
Creekmur Asset Management LLC grew its position in  Oracle Corporation (NYSE:ORCL – Free Report) by 21.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,827 shares of the enterprise software provider’s stock after buying an additional 507 shares during the quarter. Creekmur Asset Management LLC’s holdings in Oracle were worth $618,000 at the end of the most recent reporting period. 
Other hedge funds have also made changes to their positions in the company. LGT Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter worth $33,000. Legend Financial Advisors Inc. purchased a new stake in shares of Oracle in the 2nd quarter worth $34,000. HighMark Wealth Management LLC purchased a new stake in shares of Oracle in the 2nd quarter worth $38,000. Moser Wealth Advisors LLC raised its position in shares of Oracle by 1,770.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock worth $41,000 after acquiring an additional 177 shares in the last quarter. Finally, Orion Capital Management LLC raised its position in shares of Oracle by 32.2% in the 2nd 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 in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Trading Down 6.8%
Shares of NYSE:ORCL opened at $256.54 on Friday. The business’s 50-day moving average is $277.44 and its 200 day moving average is $224.85. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The firm has a market capitalization of $731.34 billion, a P/E ratio of 59.38, a P/E/G ratio of 2.96 and a beta of 1.53. 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s dividend payout ratio is currently 46.30%.
Analyst Ratings Changes
Several research analysts have recently commented on ORCL shares. Mizuho boosted their price target on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Rothschild Redb raised Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Stifel Nicolaus boosted their price target on Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Morgan Stanley boosted their price target on Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 23rd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $320.00 price target on shares of Oracle in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $323.69.
Get Our Latest Stock Analysis on Oracle
Insider Buying and Selling at Oracle
In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the sale, the chief executive officer owned 154,030 shares in the company, valued at approximately $42,610,859.20. The trade was a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 220,134 shares of company stock worth $64,268,949. 40.90% of the stock is owned by corporate 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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