Gainplan LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,521 shares of the enterprise software provider’s stock, valued at approximately $770,000. Oracle makes up about 0.3% of Gainplan LLC’s portfolio, making the stock its 29th biggest position.
Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Legend Financial Advisors Inc. bought a new position in shares of Oracle in the second quarter valued at $34,000. HighMark Wealth Management LLC bought a new position in shares of Oracle in the second quarter valued at $38,000. Redmont Wealth Advisors LLC bought a new position in shares of Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the first quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after buying an additional 151 shares in the last quarter. 42.44% of the stock is owned by institutional investors.
Oracle Stock Performance
NYSE ORCL opened at $284.46 on Wednesday. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The company has a 50-day simple moving average of $264.10 and a 200 day simple moving average of $207.36. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $810.94 billion, a PE ratio of 65.85, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.
Oracle Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Insider Buying and Selling at Oracle
In other Oracle news, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the completion of the transaction, the insider owned 78,000 shares in the company, valued at $23,174,580. This trade represents a 21.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock worth $31,272,223 over the last ninety days. Company insiders own 40.90% of the company’s stock.
Wall Street Analyst Weigh In
ORCL has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Oracle in a research note on Wednesday, September 10th. Mizuho increased 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. Morgan Stanley increased their target price on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, September 23rd. Rothschild Redb upgraded shares of Oracle to a “strong sell” rating in a report on Thursday, September 25th. Finally, Westpark Capital increased their target price on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.71.
Read Our Latest Analysis 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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