Kelleher Financial Advisors bought a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 1,278 shares of the enterprise software provider’s stock, valued at approximately $279,000.
A number of other institutional investors also recently modified their holdings of ORCL. Brighton Jones LLC lifted its position in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after acquiring an additional 404 shares during the period. Trivest Advisors Ltd bought a new stake in shares of Oracle in the 1st quarter valued at about $5,592,000. Edgestream Partners L.P. boosted its stake in shares of Oracle by 463.5% in the 1st quarter. Edgestream Partners L.P. now owns 50,730 shares of the enterprise software provider’s stock valued at $7,093,000 after purchasing an additional 41,727 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in Oracle by 1.8% in the first quarter. Bogart Wealth LLC now owns 11,422 shares of the enterprise software provider’s stock valued at $1,597,000 after buying an additional 201 shares during the period. 42.44% of the stock is owned by institutional investors.
Oracle Stock Performance
Oracle stock opened at $235.95 on Wednesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $672.64 billion, a P/E ratio of 54.62, a price-to-earnings-growth ratio of 2.96 and a beta of 1.51. The firm’s fifty day moving average price is $279.83 and its 200-day moving average price is $232.71.
Oracle Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s dividend payout ratio is currently 46.30%.
Analysts Set New Price Targets
Several analysts have recently weighed in on ORCL shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $320.00 price objective on shares of Oracle in a research note on Monday, October 20th. Weiss Ratings upgraded shares of Oracle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Guggenheim upped their price target on shares of Oracle from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, October 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $342.00 price objective on shares of Oracle in a report on Friday, October 17th. Finally, Bank of America upgraded Oracle from a “neutral” rating to a “buy” rating and increased their target price for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $323.69.
Read Our Latest Report on ORCL
Insider Buying and Selling at Oracle
In related news, Director William G. Parrett sold 11,500 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total transaction of $3,519,000.00. Following the completion of the sale, the director directly owned 17,764 shares in the company, valued at $5,435,784. This represents a 39.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares of the company’s stock, valued at $42,603,800.96. The trade was a 20.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 204,254 shares of company stock worth $60,227,807 over the last quarter. Company insiders own 40.90% of the company’s stock.
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.
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