JNBA Financial Advisors trimmed its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,167 shares of the enterprise software provider’s stock after selling 100 shares during the period. JNBA Financial Advisors’ holdings in Oracle were worth $1,348,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC grew its holdings in Oracle by 8.1% during the fourth 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. GAMMA Investing LLC grew its holdings in Oracle by 8.1% during the first quarter. GAMMA Investing LLC now owns 34,011 shares of the enterprise software provider’s stock worth $4,755,000 after acquiring an additional 2,546 shares during the period. Simon Quick Advisors LLC grew its holdings in Oracle by 18.3% during the first quarter. Simon Quick Advisors LLC now owns 8,526 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 1,320 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its holdings in Oracle by 8.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 3,225 shares of the enterprise software provider’s stock worth $451,000 after acquiring an additional 255 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Trading Down 1.3%
Shares of NYSE ORCL opened at $293.04 on Friday. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72. The firm has a market capitalization of $835.40 billion, a PE ratio of 67.83, a PEG ratio of 3.20 and a beta of 1.53. 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 business has a 50-day moving average price of $266.69 and a two-hundred day moving average price of $209.86.
Oracle Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. 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 dividend payout ratio (DPR) is presently 46.30%.
Wall Street Analyst Weigh In
ORCL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted 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. Cantor Fitzgerald increased their price target on Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Scotiabank reiterated an “outperform” rating on shares of Oracle in a research report on Wednesday, September 10th. Rothschild & Co Redburn initiated coverage on Oracle in a research report on Thursday, September 25th. They issued a “sell” rating and a $175.00 price target for the company. Finally, Mizuho increased their price target on Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $306.71.
View Our Latest Stock Report on Oracle
Insider Buying and Selling
In related news, Director William G. Parrett sold 11,500 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $306.00, for a total value of $3,519,000.00. Following the transaction, the director directly owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clayton M. Magouyrk sold 21,241 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $297.11, for a total value of $6,310,913.51. Following the completion of the transaction, the insider directly owned 78,000 shares in the company, valued at $23,174,580. The trade was a 21.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,314 shares of company stock valued at $31,272,223 over the last 90 days. 40.90% of the stock is currently owned by insiders.
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.
See Also
- Five stocks we like better than Oracle
- Consumer Staples Stocks, Explained
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- How to Invest in Insurance Companies: A Guide
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- Why Invest in 5G? How to Invest in 5G Stocks
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
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.