Hartline Investment Corp raised its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,845 shares of the enterprise software provider’s stock after purchasing an additional 51 shares during the period. Hartline Investment Corp’s holdings in Oracle were worth $841,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Carmel Capital Partners LLC increased its stake in shares of Oracle by 10.4% during the second quarter. Carmel Capital Partners LLC now owns 16,148 shares of the enterprise software provider’s stock valued at $3,531,000 after purchasing an additional 1,521 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in shares of Oracle by 0.9% during the second quarter. Chevy Chase Trust Holdings LLC now owns 885,632 shares of the enterprise software provider’s stock valued at $193,626,000 after purchasing an additional 7,803 shares in the last quarter. Arista Wealth Management LLC increased its stake in shares of Oracle by 8.8% during the second quarter. Arista Wealth Management LLC now owns 4,651 shares of the enterprise software provider’s stock valued at $1,017,000 after purchasing an additional 376 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in shares of Oracle by 5.6% during the second quarter. Stratos Wealth Advisors LLC now owns 9,150 shares of the enterprise software provider’s stock valued at $2,001,000 after purchasing an additional 483 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its stake in shares of Oracle by 7.4% during the second quarter. Angeles Wealth Management LLC now owns 5,892 shares of the enterprise software provider’s stock valued at $1,288,000 after purchasing an additional 407 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.
Oracle Trading Down 6.7%
NYSE:ORCL opened at $291.95 on Friday. The company has a current ratio of 0.62, a quick 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 has a market cap of $832.28 billion, a PE ratio of 67.58, a price-to-earnings-growth ratio of 3.37 and a beta of 1.53. The company has a 50 day simple moving average of $271.71 and a two-hundred day simple moving average of $215.37.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Insider Buying and Selling at Oracle
In related news, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction on Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the transaction, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction on Friday, September 12th. The shares were 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 in the company, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,769 shares of company stock worth $36,428,967. Insiders own 40.90% of the company’s stock.
Analyst Ratings Changes
ORCL has been the subject of several analyst reports. Guggenheim raised their price target on shares of Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings raised shares of Oracle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald raised their price target on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Berenberg Bank raised their price target 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. Finally, JMP Securities reissued a “market outperform” rating and set a $342.00 price target on shares of Oracle in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.40.
View Our Latest Analysis on Oracle
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.
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