Welch & Forbes LLC grew its stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 116,838 shares of the enterprise software provider’s stock after buying an additional 2,519 shares during the period. Welch & Forbes LLC’s holdings in Oracle were worth $25,544,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in ORCL. Brighton Jones LLC grew its stake in shares of Oracle by 189.3% during the 4th 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 period. Revolve Wealth Partners LLC grew its stake in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Oracle by 8.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,592 shares of the enterprise software provider’s stock valued at $362,000 after buying an additional 191 shares during the period. Onyx Bridge Wealth Group LLC grew its stake in shares of Oracle by 11.8% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 1,846 shares of the enterprise software provider’s stock valued at $258,000 after buying an additional 195 shares during the period. Finally, Silver Oak Securities Incorporated boosted its position in Oracle by 8.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 6,412 shares of the enterprise software provider’s stock worth $903,000 after purchasing an additional 491 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.
Oracle Stock Performance
NYSE:ORCL opened at $262.60 on Friday. 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. The firm has a 50-day moving average of $277.97 and a two-hundred day moving average of $226.38. The stock has a market cap of $748.62 billion, a P/E ratio of 60.79, a PEG ratio of 2.96 and a beta of 1.53.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Insider Buying and Selling at Oracle
In other 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 transaction of $3,519,000.00. Following the transaction, the director owned 17,764 shares of the company’s stock, valued at approximately $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the sale, the chief executive officer owned 154,030 shares in the company, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 220,134 shares of company stock valued at $64,268,949. Corporate insiders own 40.90% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Oracle in a report on Friday, October 17th. Scotiabank increased their price target on Oracle from $350.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Cowen reiterated a “buy” rating on shares of Oracle in a report on Friday, October 17th. UBS Group increased their price target on Oracle from $360.00 to $380.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Jefferies Financial Group increased their price target on Oracle from $360.00 to $400.00 and gave the company a “buy” rating in a report on Friday, October 17th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.69.
Check Out Our Latest Report on Oracle
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.
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