Heartland Bank & Trust Co boosted its position in Oracle Corporation (NYSE:ORCL – Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,751 shares of the enterprise software provider’s stock after purchasing an additional 221 shares during the quarter. Heartland Bank & Trust Co’s holdings in Oracle were worth $383,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new stake in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter worth about $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 worth $29,000 after buying an additional 151 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Oracle during the 2nd quarter worth about $34,000. Finally, HighMark Wealth Management LLC bought a new stake in shares of Oracle during the 2nd quarter worth about $38,000. 42.44% of the stock is currently owned by institutional investors.
Oracle Stock Performance
Shares of ORCL opened at $308.14 on Tuesday. The firm’s 50 day moving average is $267.80 and its 200-day moving average is $211.91. The stock has a market capitalization of $878.43 billion, a P/E ratio of 71.33, a P/E/G ratio of 3.15 and a beta of 1.53. 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 12-month low of $118.86 and a 12-month high of $345.72.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is 46.30%.
Analysts Set New Price Targets
A number of analysts have commented on ORCL shares. Mizuho boosted their price target on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Rothschild Redb upgraded shares of Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Citigroup restated a “buy” rating on shares of Oracle in a research report on Friday. Scotiabank restated an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. Finally, Cowen reaffirmed a “buy” rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $307.00.
Check Out Our Latest Stock Analysis on ORCL
Insider Activity
In other news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on 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 trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 17,764 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 104,314 shares of company stock valued at $31,272,223. 40.90% 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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