Wolff Wiese Magana LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 10,663 shares of the enterprise software provider’s stock after purchasing an additional 279 shares during the quarter. Oracle comprises 1.4% of Wolff Wiese Magana LLC’s portfolio, making the stock its 22nd biggest holding. Wolff Wiese Magana LLC’s holdings in Oracle were worth $2,331,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ORCL. Brighton Jones LLC raised its position in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock valued at $25,593,000 after buying an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after acquiring an additional 404 shares during the period. Wellington Management Group LLP raised its holdings in Oracle by 200.4% in the 4th quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider’s stock valued at $28,743,000 after acquiring an additional 115,059 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Oracle by 26.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 61,909 shares of the enterprise software provider’s stock worth $8,656,000 after purchasing an additional 13,015 shares during the period. Finally, Abner Herrman & Brock LLC lifted its stake in shares of Oracle by 0.6% during the 1st quarter. Abner Herrman & Brock LLC now owns 160,260 shares of the enterprise software provider’s stock worth $22,406,000 after purchasing an additional 919 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Performance
Shares of ORCL stock opened at $283.29 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market cap of $805.03 billion, a PE ratio of 65.58, a P/E/G ratio of 3.05 and a beta of 1.46. The company’s fifty day simple moving average is $258.19 and its 200-day simple moving average is $201.16. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72.
Oracle Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Analysts Set New Price Targets
Several research firms recently commented on ORCL. Roth Capital reiterated a “hold” rating on shares of Oracle in a research note on Wednesday, June 18th. Evercore ISI upped their price objective on shares of Oracle from $270.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Mizuho raised their target price on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Wolfe Research boosted their target price on shares of Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. Finally, KeyCorp increased their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.
Check Out Our Latest Stock Analysis on ORCL
Insider Transactions at Oracle
In other news, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company’s stock, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director directly owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,092 shares of company stock worth $32,960,165 over the last 90 days. 42.20% 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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