Dakota Wealth Management Has $19.74 Million Stock Position in Oracle Corporation (NYSE:ORCL)

Dakota Wealth Management boosted its holdings in Oracle Corporation (NYSE:ORCL) by 5.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 141,163 shares of the enterprise software provider’s stock after acquiring an additional 7,324 shares during the period. Dakota Wealth Management’s holdings in Oracle were worth $19,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Greenwood Gearhart Inc. boosted its stake in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock worth $955,000 after buying an additional 66 shares during the period. WorthPointe LLC boosted its stake in shares of Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock worth $289,000 after purchasing an additional 67 shares during the period. Stage Harbor Financial LLC boosted its position in shares of Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider’s stock valued at $239,000 after buying an additional 68 shares during the period. Prestige Wealth Management Group LLC grew its stake in shares of Oracle by 0.6% during the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider’s stock valued at $1,881,000 after buying an additional 70 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. grew its stake in shares of Oracle by 1.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider’s stock valued at $691,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 445,366 shares of company stock valued at $84,784,653 in the last ninety days. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, June 12th. CIBC restated a “buy” rating on shares of Oracle in a report on Monday, June 9th. Evercore ISI restated a “buy” rating on shares of Oracle in a report on Wednesday, June 18th. UBS Group set a $250.00 target price on shares of Oracle and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Finally, Oppenheimer restated an “outperform” rating on shares of Oracle in a research note on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.33.

Oracle Stock Down 1.9%

Oracle stock opened at $230.45 on Monday. The business’s 50-day simple moving average is $187.16 and its two-hundred day simple moving average is $166.42. The company has a market cap of $647.29 billion, a PE ratio of 53.10, a PEG ratio of 3.45 and a beta of 1.39. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $241.44. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

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.