Jmac Enterprises LLC acquired a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,366 shares of the enterprise software provider’s stock, valued at approximately $299,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Syntax Research Inc. boosted its holdings in Oracle by 13.6% in the 2nd quarter. Syntax Research Inc. now owns 12,501 shares of the enterprise software provider’s stock valued at $2,733,000 after purchasing an additional 1,501 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Oracle by 21.1% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 22,706 shares of the enterprise software provider’s stock valued at $4,964,000 after purchasing an additional 3,959 shares in the last quarter. Tower View Wealth Management LLC purchased a new stake in Oracle in the 2nd quarter valued at approximately $196,000. J. Safra Sarasin Holding AG boosted its holdings in Oracle by 5.4% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 13,834 shares of the enterprise software provider’s stock valued at $3,025,000 after purchasing an additional 707 shares in the last quarter. Finally, Sageworth Trust Co purchased a new stake in Oracle in the 2nd quarter valued at approximately $262,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Trading Up 0.1%
Shares of Oracle stock opened at $289.18 on Friday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a market capitalization of $824.39 billion, a P/E ratio of 66.94, a P/E/G ratio of 3.11 and a beta of 1.53. The business has a 50 day moving average price of $261.71 and a 200 day moving average price of $204.17.
Oracle Announces Dividend
The firm 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. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s payout ratio is 46.30%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ORCL. William Blair reaffirmed an “outperform” rating on shares of Oracle in a report on Monday, September 22nd. Rothschild & Co Redburn began coverage on shares of Oracle in a research report on Thursday, September 25th. They set a “sell” rating and a $175.00 price target for the company. Roth Capital reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Cowen reiterated a “buy” rating and set a $375.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Finally, Guggenheim lifted their price target on shares of Oracle from $250.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.71.
Get Our Latest Stock Report on ORCL
Insider Buying and Selling
In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the business’s stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William G. Parrett sold 11,500 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the completion of the transaction, the director owned 17,764 shares of the company’s stock, valued at $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock worth $31,272,223 in the last three months. 42.20% of the stock is currently owned by 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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