Anchor Investment Management LLC Buys 359 Shares of Oracle Corporation $ORCL

Anchor Investment Management LLC increased its stake in Oracle Corporation (NYSE:ORCL) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,712 shares of the enterprise software provider’s stock after purchasing an additional 359 shares during the period. Anchor Investment Management LLC’s holdings in Oracle were worth $5,552,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC raised its position in shares of Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter valued at $36,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company’s stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on ORCL shares. Oppenheimer reiterated an “outperform” rating on shares of Oracle in a research report on Wednesday, June 18th. Citigroup upped their target price on shares of Oracle from $196.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday. Mizuho boosted their price target on shares of Oracle from $245.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Piper Sandler raised shares of Oracle from a “neutral” rating to an “overweight” rating and upped their target price for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Finally, BMO Capital Markets upped their target price on shares of Oracle from $245.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.61.

Oracle Stock Up 1.3%

Oracle stock opened at $241.67 on Wednesday. The stock has a market cap of $678.81 billion, a P/E ratio of 55.68, a P/E/G ratio of 3.56 and a beta of 1.46. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company’s 50-day moving average price is $240.23 and its two-hundred day moving average price is $187.60.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s dividend payout ratio is currently 46.08%.

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.