WMG Financial Advisors LLC increased its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,990 shares of the enterprise software provider’s stock after acquiring an additional 314 shares during the period. WMG Financial Advisors LLC’s holdings in Oracle were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Nuveen LLC acquired a new stake in Oracle during the first quarter worth about $732,692,000. Vanguard Group Inc. boosted its position in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after purchasing an additional 3,513,464 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Oracle during the second quarter worth approximately $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider’s stock worth $648,572,000 after purchasing an additional 2,049,687 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Oracle by 840.7% during the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after purchasing an additional 1,894,157 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Stock Performance
Shares of Oracle stock opened at $296.95 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The company has a market cap of $846.54 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 3.11 and a beta of 1.53. 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 business’s 50 day moving average price is $265.72 and its 200 day moving average price is $208.90.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. DA Davidson increased their price target on Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. BNP Paribas set a $377.00 price target on Oracle in a research report on Wednesday, September 10th. Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 12th. Mizuho raised their target price on Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Finally, BMO Capital Markets set a $345.00 target price on Oracle in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.43.
Check Out Our Latest Stock Report on Oracle
Insider Buying and Selling
In related news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total value of $10,869,660.20. Following the sale, the insider directly owned 132,656 shares of the company’s stock, 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. In the last ninety days, insiders have sold 104,314 shares of company stock worth $31,272,223. 40.90% of the stock is owned by corporate insiders.
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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