Brown Financial Advisors acquired a new position in Oracle Co. (NYSE:ORCL – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,121 shares of the enterprise software provider’s stock, valued at approximately $864,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC increased its position in Oracle by 98.0% during the fourth quarter. Belpointe Asset Management LLC now owns 14,414 shares of the enterprise software provider’s stock worth $1,520,000 after acquiring an additional 7,133 shares during the period. CIBC Private Wealth Group LLC increased its position in Oracle by 6.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 402,314 shares of the enterprise software provider’s stock worth $42,416,000 after acquiring an additional 23,662 shares during the period. Capital World Investors increased its position in Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after acquiring an additional 3,323,334 shares during the period. Tower Research Capital LLC TRC increased its position in Oracle by 135.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 230,796 shares of the enterprise software provider’s stock worth $24,333,000 after acquiring an additional 132,680 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Oracle by 9.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 37,637 shares of the enterprise software provider’s stock worth $3,968,000 after acquiring an additional 3,242 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Stock Down 1.9 %
Shares of NYSE ORCL opened at $167.12 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.99. The company has a market cap of $463.08 billion, a price-to-earnings ratio of 45.05, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. The firm’s 50-day simple moving average is $146.05 and its 200 day simple moving average is $134.40.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Oracle’s payout ratio is presently 43.13%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on ORCL shares. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Tuesday, September 10th. Piper Sandler boosted their price target on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Mizuho boosted their price target on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, UBS Group boosted their price target on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $167.42.
Get Our Latest Report on Oracle
Insider Buying and Selling at Oracle
In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,573,181 shares of company stock worth $225,338,245. Company insiders own 42.80% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Oracle
- Insider Trading – What You Need to Know
- Why Lennar Stock Could Be the Best Play in the Housing Market
- Using the MarketBeat Dividend Tax Calculator
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Why is the Ex-Dividend Date Significant to Investors?
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (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.