Simon Quick Advisors LLC raised its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 31.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,189 shares of the enterprise software provider’s stock after acquiring an additional 2,663 shares during the period. Simon Quick Advisors LLC’s holdings in Oracle were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares during the period. LGT Financial Advisors LLC purchased a new stake in Oracle during the 2nd quarter valued at $33,000. Legend Financial Advisors Inc. purchased a new stake in Oracle during the 2nd quarter valued at $34,000. HighMark Wealth Management LLC purchased a new stake in Oracle during the 2nd quarter valued at $38,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Oracle during the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Oracle Price Performance
ORCL opened at $256.54 on Friday. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The business’s fifty day simple moving average is $277.44 and its 200-day simple moving average is $224.85. The company has a market capitalization of $731.34 billion, a price-to-earnings ratio of 59.38, a PEG ratio of 2.96 and a beta of 1.53.
Oracle Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle’s dividend payout ratio is presently 46.30%.
Wall Street Analysts Forecast Growth
ORCL has been the topic of several recent research reports. Baird R W upgraded Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Melius Research upped their price objective on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. UBS Group upped their price objective on Oracle from $360.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Bank of America raised Oracle from a “neutral” rating to a “buy” rating and upped their price objective for the company from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, BMO Capital Markets set a $355.00 price objective on Oracle and gave the company an “outperform” rating in a research report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.
Check Out Our Latest Research Report on ORCL
Insider Buying and Selling at Oracle
In related news, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the sale, the director directly owned 151,999 shares in the company, valued at $43,018,756.98. This represents a 24.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the sale, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 220,134 shares of company stock worth $64,268,949. Insiders own 40.90% of the company’s stock.
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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