Mesirow Financial Investment Management Inc. grew its position in Oracle Corporation (NYSE:ORCL – Free Report) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,378 shares of the enterprise software provider’s stock after purchasing an additional 424 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Oracle were worth $26,319,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ORCL. Iron Horse Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 151 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $33,000. Legend Financial Advisors Inc. acquired a new position in shares of Oracle in the 2nd quarter valued at about $34,000. HighMark Wealth Management LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $38,000. Finally, Graybill Wealth Management LTD. acquired a new position in shares of Oracle in the 1st quarter valued at about $39,000. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Price Performance
ORCL stock opened at $256.54 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock’s 50 day moving average is $277.44 and its two-hundred day moving average is $224.85. The company has a market capitalization of $731.34 billion, a PE ratio of 59.38, a P/E/G ratio of 2.96 and a beta of 1.53.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s payout ratio is currently 46.30%.
Insider Activity at Oracle
In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of Oracle stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the sale, the director directly owned 29,225 shares in the company, valued at $8,443,394.75. The trade was a 7.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 5,000 shares of Oracle stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 220,134 shares of company stock worth $64,268,949 over the last ninety days. Company insiders own 40.90% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. DA Davidson lifted their price objective on Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Cowen reissued a “buy” rating on shares of Oracle in a research report on Friday, October 17th. Guggenheim boosted their price target on Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $320.00 price target on shares of Oracle in a research report on Monday, October 20th. Finally, Berenberg Bank boosted their price target on Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $323.69.
View Our Latest Research Report on Oracle
Oracle Company 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.
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