Omnia Family Wealth LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 16.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,784 shares of the enterprise software provider’s stock after acquiring an additional 251 shares during the period. Omnia Family Wealth LLC’s holdings in Oracle were worth $390,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth $1,119,000. WJ Wealth Management LLC purchased a new stake in Oracle during the 2nd quarter worth about $234,000. WealthPlan Investment Management LLC increased its position in Oracle by 24.6% during the 2nd quarter. WealthPlan Investment Management LLC now owns 13,340 shares of the enterprise software provider’s stock worth $2,917,000 after purchasing an additional 2,634 shares in the last quarter. Alta Capital Management LLC increased its position in Oracle by 90.1% during the 2nd quarter. Alta Capital Management LLC now owns 51,124 shares of the enterprise software provider’s stock worth $11,177,000 after purchasing an additional 24,226 shares in the last quarter. Finally, Dash Acquisitions Inc. increased its position in Oracle by 20.5% during the 2nd quarter. Dash Acquisitions Inc. now owns 71,608 shares of the enterprise software provider’s stock worth $17,322,000 after purchasing an additional 12,166 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Up 1.4%
ORCL opened at $303.30 on Thursday. 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 stock has a market capitalization of $864.64 billion, a price-to-earnings ratio of 70.21, a price-to-earnings-growth ratio of 3.22 and a beta of 1.53. The business has a 50-day moving average of $269.61 and a two-hundred day moving average of $213.14. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.
Oracle Announces Dividend
The company also recently announced 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 0.7%. Oracle’s payout ratio is presently 46.30%.
Insider Buying and Selling at Oracle
In other news, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the sale, the insider owned 78,000 shares of the company’s stock, valued at $23,174,580. The trade was a 21.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,769 shares of company stock worth $36,428,967. Company insiders own 40.90% of the company’s stock.
Wall Street Analyst Weigh In
ORCL has been the subject of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. BMO Capital Markets set a $355.00 price objective on Oracle and gave the stock an “outperform” rating in a research report on Monday. Barclays lifted their price objective on Oracle from $221.00 to $281.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. TD Cowen lifted their price objective on Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Robert W. Baird assumed coverage on Oracle in a report on Wednesday, October 8th. They issued an “outperform” rating and a $365.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $307.00.
Read Our Latest Research Report on Oracle
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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