Claris Advisors LLC MO acquired a new stake in Oracle Corporation (NYSE:ORCL – Free Report) during the second quarter, Holdings Channel.com reports. The firm acquired 1,254 shares of the enterprise software provider’s stock, valued at approximately $274,000.
Several other large investors have also added to or reduced their stakes in ORCL. Nuveen LLC acquired a new position in shares of Oracle during the 1st quarter valued at $732,692,000. Vanguard Group Inc. grew its stake in shares of Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock valued at $22,498,982,000 after buying an additional 3,513,464 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Oracle in the 2nd quarter valued at about $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Oracle by 79.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider’s stock valued at $648,572,000 after buying an additional 2,049,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Oracle by 840.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after buying an additional 1,894,157 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Performance
NYSE ORCL opened at $282.68 on Tuesday. The company has a fifty day moving average of $258.97 and a 200-day moving average of $202.09. Oracle Corporation has a 52-week low of $118.86 and a 52-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 company has a market capitalization of $803.29 billion, a P/E ratio of 65.44, a P/E/G ratio of 3.05 and a beta of 1.46.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a research report on Thursday, June 12th. Stifel Nicolaus lifted their price objective on shares of Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. JPMorgan Chase & Co. lifted their price target on Oracle from $185.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $342.00 price objective on shares of Oracle in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.71.
Read Our Latest Stock Analysis on ORCL
Insiders Place Their Bets
In related news, insider Clayton M. Magouyrk sold 21,241 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $297.11, for a total value of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares of the company’s stock, valued at approximately $23,174,580. This trade represents a 21.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of Oracle 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 transaction, the insider owned 132,656 shares in the company, valued at approximately $42,603,800.96. This trade represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,092 shares of company stock worth $32,960,165 in the last three months. Corporate insiders own 42.20% 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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