Clarity Capital Partners LLC cut its holdings in Oracle Corporation (NYSE:ORCL – Free Report) by 41.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,163 shares of the enterprise software provider’s stock after selling 809 shares during the period. Clarity Capital Partners LLC’s holdings in Oracle were worth $254,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the period. Legend Financial Advisors Inc. bought a new position in Oracle in the 2nd quarter valued at $34,000. Finally, HighMark Wealth Management LLC bought a new position in Oracle in the 2nd quarter valued at $38,000. 42.44% of the stock is owned by institutional investors.
Oracle Price Performance
ORCL stock opened at $286.23 on Friday. The firm’s 50-day moving average price is $262.53 and its two-hundred day moving average price is $205.11. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The stock has a market capitalization of $815.99 billion, a price-to-earnings ratio of 66.26, a PEG ratio of 3.11 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s payout ratio is presently 46.30%.
Insider Buying and Selling at Oracle
In other Oracle news, Director Rona Alison Fairhead acquired 480 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company’s stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the sale, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. The trade was a 7.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock valued at $31,272,223 over the last three months. 42.20% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have commented on ORCL shares. Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Morgan Stanley raised their price target on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, September 23rd. Cowen reissued a “buy” rating and issued a $375.00 price target on shares of Oracle in a report on Wednesday, September 10th. BNP Paribas set a $377.00 price objective on shares of Oracle in a research report on Wednesday, September 10th. Finally, TD Cowen raised their price objective on shares of Oracle from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.
Check Out Our Latest Stock Analysis on ORCL
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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