Vinva Investment Management Ltd lifted its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 80.2% in the second quarter, HoldingsChannel reports. The firm owned 61,785 shares of the enterprise software provider’s stock after acquiring an additional 27,495 shares during the period. Vinva Investment Management Ltd’s holdings in Oracle were worth $12,990,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the stock. Winnow Wealth LLC acquired a new position in shares of Oracle in the second quarter worth $28,000. LGT Financial Advisors LLC purchased a new stake in Oracle during the 2nd quarter worth about $33,000. Legend Financial Advisors Inc. acquired a new position in Oracle in the 2nd quarter valued at about $34,000. HighMark Wealth Management LLC acquired a new position in Oracle in the 2nd quarter valued at about $38,000. Finally, Moser Wealth Advisors LLC grew its holdings in shares of Oracle by 1,770.0% during the second quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock worth $41,000 after buying an additional 177 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Trading Up 4.2%
NYSE:ORCL opened at $205.29 on Thursday. The stock has a market cap of $585.23 billion, a price-to-earnings ratio of 47.52, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The business’s 50-day simple moving average is $266.77 and its 200 day simple moving average is $237.24.
Oracle Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.0%. Oracle’s dividend payout ratio is currently 46.30%.
Analyst Upgrades and Downgrades
ORCL has been the topic of several analyst reports. Baird R W upgraded Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Oracle in a report on Friday, October 17th. Stephens increased their price objective on shares of Oracle from $208.00 to $331.00 and gave the stock an “equal weight” rating in a report on Friday, October 17th. Evercore ISI boosted their target price on shares of Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, UBS Group increased their price target on shares of Oracle from $360.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $324.89.
Get Our Latest Stock Report on ORCL
Insider Transactions at Oracle
In other news, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total value of $11,065,600.00. Following the completion of the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey Berg sold 49,365 shares of Oracle stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total value of $13,971,282.30. Following the transaction, the director directly owned 151,999 shares in the company, valued at approximately $43,018,756.98. The trade was a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 204,254 shares of company stock worth $60,227,807 in the last quarter. 40.90% of the stock is currently owned by corporate insiders.
Oracle Company 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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