Peak Financial Advisors LLC Purchases Shares of 11,820 Oracle Corporation $ORCL

Peak Financial Advisors LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 11,820 shares of the enterprise software provider’s stock, valued at approximately $3,324,000. Oracle accounts for approximately 1.6% of Peak Financial Advisors LLC’s portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Norges Bank purchased a new position in Oracle during the second quarter worth $4,275,378,000. Vanguard Group Inc. lifted its position in shares of Oracle by 2.1% in the second quarter. Vanguard Group Inc. now owns 164,278,874 shares of the enterprise software provider’s stock valued at $35,916,290,000 after acquiring an additional 3,353,461 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Oracle during the second quarter valued at $731,512,000. Invesco Ltd. increased its position in Oracle by 42.1% during the 2nd quarter. Invesco Ltd. now owns 8,839,166 shares of the enterprise software provider’s stock worth $1,932,507,000 after purchasing an additional 2,619,722 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Oracle by 840.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock valued at $463,380,000 after purchasing an additional 1,894,157 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the completion of the sale, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 155,190 shares of company stock valued at $45,279,001 over the last 90 days. Corporate insiders own 40.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ORCL. Baird R W raised shares of Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. Barclays set a $310.00 target price on shares of Oracle in a research report on Thursday, December 11th. Wells Fargo & Company started coverage on shares of Oracle in a research note on Wednesday, December 3rd. They issued an “overweight” rating and a $280.00 target price for the company. Stifel Nicolaus decreased their price objective on Oracle from $350.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Royal Bank Of Canada dropped their target price on Oracle from $310.00 to $250.00 and set a “sector perform” rating for the company in a research note on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.92.

Oracle Trading Up 0.8%

ORCL stock opened at $179.93 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a market cap of $516.97 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 1.61 and a beta of 1.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28. The business has a fifty day simple moving average of $236.98 and a 200-day simple moving average of $241.38.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 EPS for the quarter, topping the consensus estimate of $1.64 by $0.62. The company had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a yield of 1.1%. Oracle’s dividend payout ratio (DPR) is 37.59%.

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.