WoodTrust Financial Corp grew its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 17.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,230 shares of the enterprise software provider’s stock after purchasing an additional 630 shares during the period. WoodTrust Financial Corp’s holdings in Oracle were worth $925,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in Oracle during the 2nd quarter worth about $34,000. Finally, HighMark Wealth Management LLC bought a new stake in Oracle during the 2nd quarter worth about $38,000. 42.44% of the stock is owned by institutional investors.
Oracle Stock Performance
Shares of NYSE:ORCL opened at $284.46 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company’s 50 day moving average price is $264.10 and its two-hundred day moving average price is $207.36. The firm has a market cap of $810.94 billion, a PE ratio of 65.85, a PEG ratio of 3.14 and a beta of 1.53.
Oracle Dividend Announcement
The business also recently declared 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. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s payout ratio is 46.30%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Roth Capital restated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. TD Cowen boosted their price objective on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Morgan Stanley boosted their price objective on shares of Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 23rd. DA Davidson boosted their price objective on shares of Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Sanford C. Bernstein boosted their price objective on shares of Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.
Insider Buying and Selling
In related news, insider Clayton M. Magouyrk sold 21,241 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider owned 132,656 shares in the company, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,314 shares of company stock valued at $31,272,223. 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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