Impact Capital Partners LLC grew its position in Oracle Corporation (NYSE:ORCL – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,979 shares of the enterprise software provider’s stock after purchasing an additional 327 shares during the period. Oracle comprises about 1.9% of Impact Capital Partners LLC’s portfolio, making the stock its 8th largest position. Impact Capital Partners LLC’s holdings in Oracle were worth $5,680,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the second quarter worth $34,000. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Oracle during the first quarter worth $39,000. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
Shares of ORCL stock opened at $281.01 on Wednesday. The stock has a market cap of $801.10 billion, a P/E ratio of 65.05, a P/E/G ratio of 3.04 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company has a fifty day moving average price of $259.82 and a two-hundred day moving average price of $202.64. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.
Oracle Dividend Announcement
The business also recently announced 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 dividend on an annualized basis 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%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Oracle from $270.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Cantor Fitzgerald raised their target price 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 target price 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. BMO Capital Markets set a $345.00 target price on shares of Oracle in a research report on Wednesday, September 10th. Finally, Cowen reaffirmed a “buy” rating and issued a $375.00 target price on shares of Oracle in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $304.71.
Read Our Latest Analysis on Oracle
Insider Activity at Oracle
In other news, 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 completion of the sale, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Parrett sold 11,500 shares of the firm’s 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 sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 114,314 shares of company stock worth $33,602,123 in the last quarter. 42.20% of the stock is owned by corporate insiders.
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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