Alpha Financial Partners LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 7.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,164 shares of the enterprise software provider’s stock after purchasing an additional 148 shares during the period. Alpha Financial Partners LLC’s holdings in Oracle were worth $473,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in shares of Oracle during the first quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC raised its stake in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Oracle during the second quarter valued at $34,000. Finally, HighMark Wealth Management LLC bought a new position in shares of Oracle during the second quarter valued at $38,000. Institutional investors own 42.44% of the company’s stock.
Oracle Trading Down 1.3%
NYSE:ORCL opened at $293.04 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $835.40 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.15 and a beta of 1.53. The firm has a fifty day simple moving average of $266.69 and a two-hundred day simple moving average of $210.29. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.
Oracle Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend 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 news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Parrett sold 11,500 shares of Oracle 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 $5,435,784. This represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,314 shares of company stock valued at $31,272,223 over the last three months. Corporate insiders own 40.90% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. UBS Group set a $364.00 target price on shares of Oracle in a report on Friday, September 26th. Rothschild Redb raised Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Guggenheim lifted their price objective on Oracle from $250.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Finally, Mizuho lifted their price objective on Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.71.
View Our Latest Analysis on Oracle
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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