Uncommon Cents Investing LLC trimmed its position in Oracle Corporation (NYSE:ORCL – Free Report) by 1.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 26,120 shares of the enterprise software provider’s stock after selling 355 shares during the period. Oracle makes up about 1.5% of Uncommon Cents Investing LLC’s holdings, making the stock its 9th largest holding. Uncommon Cents Investing LLC’s holdings in Oracle were worth $5,711,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of ORCL. Legend Financial Advisors Inc. acquired a new position in shares of Oracle during the 2nd quarter worth approximately $34,000. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC bought a new stake in Oracle in the 2nd quarter valued at $60,000. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
NYSE:ORCL opened at $283.29 on Friday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm has a market capitalization of $805.03 billion, a PE ratio of 65.58, a PEG ratio of 3.05 and a beta of 1.46. The stock’s fifty day moving average is $258.19 and its 200 day moving average is $200.78. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62.
Oracle Dividend Announcement
The firm also recently disclosed 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 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s payout ratio is currently 46.30%.
Wall Street Analyst Weigh In
Several brokerages have commented on ORCL. Berenberg Bank lifted their price objective on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a research note on Monday, September 15th. Redburn Partners set a $175.00 target price on Oracle in a report on Thursday. BMO Capital Markets set a $345.00 price target on Oracle in a research report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their target price on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.71.
Read Our Latest Research Report on Oracle
Insider Activity at Oracle
In related news, Director William G. Parrett sold 11,500 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the sale, the director owned 17,764 shares of the company’s stock, valued at $5,435,784. This trade represents a 39.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction that occurred on Monday, July 7th. The stock was bought at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares in the company, 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. Insiders sold 112,092 shares of company stock worth $32,960,165 over the last ninety days. Company insiders own 42.20% of the company’s stock.
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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