Ameritas Advisory Services LLC cut its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 47.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,738 shares of the enterprise software provider’s stock after selling 13,320 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Oracle were worth $3,222,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. HighMark Wealth Management LLC acquired a new position in Oracle in the 2nd quarter valued at about $38,000. Gray Private Wealth LLC lifted its holdings in shares of Oracle by 2.3% in the 2nd quarter. Gray Private Wealth LLC now owns 6,713 shares of the enterprise software provider’s stock worth $1,468,000 after acquiring an additional 148 shares during the last quarter. DHJJ Financial Advisors Ltd. lifted its holdings in shares of Oracle by 21.1% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 2,109 shares of the enterprise software provider’s stock worth $461,000 after acquiring an additional 367 shares during the last quarter. Ashton Thomas Securities LLC increased its stake in Oracle by 11.9% during the 2nd quarter. Ashton Thomas Securities LLC now owns 35,292 shares of the enterprise software provider’s stock worth $7,717,000 after buying an additional 3,744 shares during the period. Finally, Abacus Planning Group Inc. increased its position in shares of Oracle by 2.1% in the 2nd quarter. Abacus Planning Group Inc. now owns 9,986 shares of the enterprise software provider’s stock valued at $2,183,000 after purchasing an additional 203 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Stock Up 0.1%
ORCL stock opened at $289.18 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The stock has a market capitalization of $824.39 billion, a PE ratio of 66.94, a price-to-earnings-growth ratio of 3.11 and a beta of 1.53. 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 company has a fifty day moving average of $261.71 and a 200-day moving average of $204.17.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is 46.30%.
Insider Transactions at Oracle
In related news, Director Naomi O. Seligman sold 2,222 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This trade represents a 20.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,314 shares of company stock valued at $31,272,223. 42.20% of the stock is owned by company insiders.
Analysts Set New Price Targets
ORCL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Guggenheim increased their price objective on shares of Oracle from $250.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Berenberg Bank increased their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research report on Monday, September 15th. Scotiabank restated an “outperform” rating on shares of Oracle in a report on Wednesday, September 10th. Finally, Loop Capital set a $135.00 target price on shares of Oracle in a report on Tuesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.
Read Our Latest Stock Analysis on ORCL
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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