D.B. Root & Company LLC purchased a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,104 shares of the enterprise software provider’s stock, valued at approximately $241,000.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after buying an additional 120,889 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Oracle by 0.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock valued at $1,941,195,000 after buying an additional 59,164 shares during the last quarter. Amundi lifted its stake in shares of Oracle by 3.3% in the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider’s stock worth $1,749,280,000 after buying an additional 409,691 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider’s stock worth $1,762,878,000 after acquiring an additional 1,885,370 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.
Oracle Stock Performance
NYSE ORCL opened at $291.77 on Tuesday. The stock has a fifty day simple moving average of $263.41 and a 200-day simple moving average of $206.82. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market cap of $831.77 billion, a PE ratio of 67.54, a P/E/G ratio of 3.08 and a beta of 1.53. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s payout ratio is presently 46.30%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Westpark Capital raised their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Evercore ISI lifted their price objective on Oracle from $270.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. TD Cowen upped their target price on Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. BMO Capital Markets set a $345.00 target price on Oracle in a research note on Wednesday, September 10th. Finally, UBS Group set a $364.00 price target on shares of Oracle in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $304.71.
Check Out Our Latest Stock Analysis on ORCL
Insider Transactions at Oracle
In related news, Director William G. Parrett sold 11,500 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the transaction, the director owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares of the company’s stock, valued at approximately $23,174,580. This represents a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 over the last three months. 40.90% of the stock is currently owned by company 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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