Oracle Corporation $ORCL Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC lessened its stake in Oracle Corporation (NYSE:ORCL) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,890 shares of the enterprise software provider’s stock after selling 1,055 shares during the quarter. Arlington Trust Co LLC’s holdings in Oracle were worth $1,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 404 shares during the period. Triglav Skladi D.O.O. acquired a new stake in Oracle during the 4th quarter worth approximately $24,283,000. St. Clair Advisors LLC acquired a new stake in Oracle during the 4th quarter worth approximately $283,000. Finally, Wexford Capital LP lifted its position in Oracle by 70.0% during the fourth quarter. Wexford Capital LP now owns 3,268 shares of the enterprise software provider’s stock valued at $545,000 after buying an additional 1,346 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Trading Up 3.4%

NYSE:ORCL opened at $302.10 on Tuesday. The stock has a market cap of $858.48 billion, a price-to-earnings ratio of 69.93, a PEG ratio of 3.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The business has a fifty day moving average of $246.08 and a 200-day moving average of $191.63.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s payout ratio is currently 46.30%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the sale, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,183 shares of company stock valued at $7,141,698 over the last quarter. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. JMP Securities increased their price target on Oracle from $315.00 to $342.00 and gave the company a “market outperform” rating in a report on Wednesday, September 10th. Scotiabank reissued an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. TD Cowen increased their price target on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Wolfe Research boosted their price objective on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $303.44.

About Oracle

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.