Dynamic Advisor Solutions LLC lowered its position in Oracle Co. (NYSE:ORCL) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,784 shares of the enterprise software provider’s stock after selling 719 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Oracle were worth $406,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. DeDora Capital Inc. raised its position in Oracle by 1.5% in the 1st quarter. DeDora Capital Inc. now owns 9,174 shares of the enterprise software provider’s stock worth $644,000 after purchasing an additional 137 shares during the period. First Bank & Trust grew its holdings in Oracle by 4.7% in the 1st quarter. First Bank & Trust now owns 3,249 shares of the enterprise software provider’s stock worth $228,000 after acquiring an additional 145 shares during the last quarter. Riverbridge Partners LLC grew its holdings in Oracle by 3.1% in the 1st quarter. Riverbridge Partners LLC now owns 4,948 shares of the enterprise software provider’s stock worth $347,000 after acquiring an additional 148 shares during the last quarter. Optimum Investment Advisors grew its holdings in Oracle by 0.6% in the 1st quarter. Optimum Investment Advisors now owns 26,743 shares of the enterprise software provider’s stock worth $1,877,000 after acquiring an additional 150 shares during the last quarter. Finally, Sanders Morris Harris LLC grew its holdings in Oracle by 0.8% in the 1st quarter. Sanders Morris Harris LLC now owns 18,610 shares of the enterprise software provider’s stock worth $1,378,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 47.54% of the company’s stock.
Shares of Oracle stock opened at $77.33 on Tuesday. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $222.98 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. Oracle Co. has a 52-week low of $50.86 and a 52-week high of $80.21. The company has a 50-day simple moving average of $72.88 and a two-hundred day simple moving average of $64.35.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Thursday, April 8th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.66%. This is a boost from Oracle’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, April 7th. Oracle’s payout ratio is presently 36.99%.
ORCL has been the topic of a number of recent analyst reports. KeyCorp raised their price target on shares of Oracle from $70.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, March 15th. Societe Generale reaffirmed a “hold” rating on shares of Oracle in a research note on Wednesday, March 17th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $81.00 target price on shares of Oracle in a research note on Thursday, March 11th. DZ Bank reaffirmed a “hold” rating and set a $80.00 target price on shares of Oracle in a research note on Tuesday, April 27th. Finally, Wolfe Research began coverage on shares of Oracle in a research note on Wednesday, April 28th. They set a “peer perform” rating and a $75.00 target price on the stock. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Oracle has an average rating of “Hold” and a consensus target price of $71.36.
In other Oracle news, Director Rona Alison Fairhead bought 2,530 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was bought at an average cost of $68.00 per share, for a total transaction of $172,040.00. Following the completion of the transaction, the director now owns 8,450 shares of the company’s stock, valued at approximately $574,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $70.03, for a total transaction of $28,012,000.00. Following the sale, the insider now owns 400,000 shares of the company’s stock, valued at $28,012,000. The disclosure for this sale can be found here. Insiders have sold 4,508,000 shares of company stock valued at $306,882,810 over the last three months. 39.10% of the stock is owned by corporate insiders.
Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.
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