Homestead Advisers Corp grew its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,800 shares of the enterprise software provider’s stock after purchasing an additional 1,800 shares during the period. Homestead Advisers Corp’s holdings in Oracle were worth $64,452,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FWG Holdings LLC boosted its stake in shares of Oracle by 20.7% during the 2nd quarter. FWG Holdings LLC now owns 3,123 shares of the enterprise software provider’s stock worth $683,000 after acquiring an additional 535 shares in the last quarter. Sulzberger Capital Advisors Inc. purchased a new stake in Oracle during the second quarter worth $295,000. Oakwell Private Wealth Management LLC grew its holdings in Oracle by 23.4% in the second quarter. Oakwell Private Wealth Management LLC now owns 6,132 shares of the enterprise software provider’s stock valued at $1,341,000 after purchasing an additional 1,161 shares during the last quarter. NewSquare Capital LLC grew its holdings in Oracle by 68.6% in the second quarter. NewSquare Capital LLC now owns 4,278 shares of the enterprise software provider’s stock valued at $935,000 after purchasing an additional 1,741 shares during the last quarter. Finally, Rockline Wealth Management LLC increased its position in shares of Oracle by 5.3% in the second quarter. Rockline Wealth Management LLC now owns 53,296 shares of the enterprise software provider’s stock valued at $11,652,000 after buying an additional 2,687 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Performance
NYSE ORCL opened at $248.14 on Wednesday. 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 market capitalization of $707.40 billion, a P/E ratio of 57.44, a P/E/G ratio of 2.96 and a beta of 1.53. The business’s 50-day simple moving average is $278.69 and its 200-day simple moving average is $228.82.
Oracle Dividend Announcement
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 dividend on an annualized basis and a dividend yield of 0.8%. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Analyst Ratings Changes
Several equities analysts have weighed in on ORCL shares. Mizuho raised their target price on shares of Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, September 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $320.00 price objective on shares of Oracle in a research note on Monday, October 20th. Evercore ISI upped their target price on Oracle from $350.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Stephens increased their target price on Oracle from $208.00 to $331.00 and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, Cowen reissued a “buy” rating on shares of Oracle in a report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.
Check Out Our Latest Research Report on ORCL
Insiders Place Their Bets
In other news, EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president owned 47,083 shares of the company’s stock, valued at approximately $13,212,431.46. The trade was a 9.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total value of $11,065,600.00. Following the transaction, the chief executive officer directly owned 154,030 shares in the company, valued at approximately $42,610,859.20. This represents a 20.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 204,254 shares of company stock valued at $60,227,807. 40.90% of the stock is owned by 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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