MJP Associates Inc. ADV boosted its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 34.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,773 shares of the enterprise software provider’s stock after purchasing an additional 707 shares during the quarter. MJP Associates Inc. ADV’s holdings in Oracle were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Lockheed Martin Investment Management Co. grew its stake in shares of Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock worth $7,179,000 after purchasing an additional 2,110 shares during the period. Private Wealth Asset Management LLC boosted its holdings in Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after buying an additional 321 shares during the last quarter. Soltis Investment Advisors LLC grew its position in shares of Oracle by 4.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after buying an additional 1,515 shares during the period. Cascade Investment Group Inc. bought a new stake in shares of Oracle in the 2nd quarter valued at about $239,000. Finally, Lockerman Financial Group Inc. bought a new stake in shares of Oracle in the 2nd quarter valued at about $328,000. 42.44% of the stock is owned by institutional investors.
Oracle Price Performance
Shares of NYSE ORCL opened at $222.88 on Friday. The company has a fifty day moving average price of $279.59 and a 200 day moving average price of $233.14. The firm has a market cap of $635.37 billion, a PE ratio of 51.59, a PEG ratio of 2.96 and a beta of 1.51. 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 Corporation has a 1-year low of $118.86 and a 1-year high of $345.72.
Oracle Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. Oracle’s dividend payout ratio is 46.30%.
Insider Activity
In other news, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This trade represents a 24.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Parrett sold 11,500 shares of Oracle stock in a transaction that occurred 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 owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 204,254 shares of company stock worth $60,227,807. 40.90% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms recently weighed in on ORCL. Evercore ISI lifted their price objective on shares of Oracle from $350.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Cantor Fitzgerald lifted their price target on shares of Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. BNP Paribas set a $377.00 price target on shares of Oracle in a report on Wednesday, September 10th. Scotiabank raised their price objective on Oracle from $350.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Melius Research lifted their target price on Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.
Check Out Our Latest Report on Oracle
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.
Further Reading
- Five stocks we like better than Oracle
- Stock Analyst Ratings and Canadian Analyst Ratings
- MarketBeat Week in Review – 11/10 – 11/14
- What is the NASDAQ Stock Exchange?
- Are These 3 Oversold Tech Giants Ready to Rebound?
- What is the Shanghai Stock Exchange Composite Index?
- If You Wait for the Dip, Micron Technology Could Leave You Behind
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL – Free Report).
Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.
