Clarus Wealth Advisors Has $342,000 Stock Position in Oracle Corporation $ORCL

Clarus Wealth Advisors reduced its position in Oracle Corporation (NYSE:ORCL) by 23.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,459 shares of the enterprise software provider’s stock after selling 444 shares during the period. Clarus Wealth Advisors’ holdings in Oracle were worth $342,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ORCL. Vanguard Group Inc. lifted 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 acquiring an additional 3,513,464 shares during the last quarter. Northern Trust Corp lifted its position in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after acquiring an additional 59,164 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Finally, Amundi lifted its position in Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider’s stock worth $1,749,280,000 after acquiring an additional 409,691 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Scotiabank restated an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. Guggenheim raised their price objective on shares of Oracle from $250.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Bank of America upgraded shares of Oracle from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Finally, Cowen reiterated a “buy” rating and issued a $375.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $303.44.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $302.10 on Tuesday. The company’s 50 day simple moving average is $246.08 and its 200 day simple moving average is $191.63. The stock has a market capitalization of $858.48 billion, a price-to-earnings ratio of 69.93, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is presently 46.30%.

Insider Activity at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider owned 99,212 shares of the company’s stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares of the company’s stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 29,183 shares of company stock worth $7,141,698. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.