Myriad Asset Management US LP Acquires Shares of 6,786 Oracle Corporation $ORCL

Myriad Asset Management US LP bought a new stake in Oracle Corporation (NYSE:ORCLFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,786 shares of the enterprise software provider’s stock, valued at approximately $1,908,000. Oracle accounts for about 1.0% of Myriad Asset Management US LP’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC lifted its stake in Oracle by 130.0% during the third quarter. Darwin Wealth Management LLC now owns 115 shares of the enterprise software provider’s stock worth $32,000 after purchasing an additional 65 shares during the last quarter. Winnow Wealth LLC acquired a new position in shares of Oracle during the second quarter valued at $28,000. Financial Consulate Inc. acquired a new stake in shares of Oracle in the 3rd quarter worth about $37,000. Corundum Trust Company INC acquired a new stake in shares of Oracle in the third quarter valued at approximately $39,000. Finally, Kilter Group LLC acquired a new position in shares of Oracle during the second quarter valued at $30,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Key Oracle News

Here are the key news stories impacting Oracle this week:

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ORCL. The Goldman Sachs Group raised shares of Oracle to a “strong-buy” rating in a research note on Monday, January 12th. TD Cowen reduced their price objective on shares of Oracle from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $375.00 price objective on shares of Oracle in a research note on Wednesday, November 26th. Royal Bank Of Canada lowered their price objective on shares of Oracle from $250.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oracle in a report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.46.

Check Out Our Latest Stock Analysis on ORCL

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,223 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $196.61, for a total value of $437,064.03. Following the completion of the sale, the director directly owned 25,596 shares in the company, valued at $5,032,429.56. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Hura sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $196.89, for a total value of $2,953,350.00. Following the sale, the insider directly owned 234,077 shares of the company’s stock, valued at approximately $46,087,420.53. The trade was a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 111,588 shares of company stock valued at $26,108,046. 40.90% of the stock is owned by company insiders.

Oracle Trading Up 2.4%

Shares of ORCL opened at $178.08 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28. The stock has a 50 day simple moving average of $199.28 and a 200-day simple moving average of $239.90. The stock has a market cap of $511.65 billion, a PE ratio of 33.47, a PEG ratio of 1.53 and a beta of 1.65.

Oracle (NYSE:ORCLGet Free Report) last released its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The firm had revenue of $16.06 billion during the quarter, compared to analysts’ expectations of $16.19 billion. During the same period last year, the firm posted $1.47 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. Oracle’s dividend payout ratio is 37.59%.

Oracle Profile

(Free Report)

Oracle Corporation is a multinational technology company that develops and sells database software, cloud engineered systems, enterprise software applications and related services. The company is widely known for its flagship Oracle Database and a portfolio of enterprise-grade software products that support data management, application development, analytics and middleware. Over recent years Oracle has expanded its focus to include cloud infrastructure and cloud applications, positioning itself as a provider of both platform and software-as-a-service solutions for large organizations.

Oracle’s product and service offerings include Oracle Database and the Autonomous Database, Oracle Cloud Infrastructure (OCI), enterprise resource planning (ERP), human capital management (HCM) and supply chain management (SCM) cloud applications (often grouped under Oracle Fusion Cloud Applications), middleware such as WebLogic, and developer technologies including Java and MySQL.

Further Reading

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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