Members Trust Co raised its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 20.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,494 shares of the enterprise software provider’s stock after purchasing an additional 605 shares during the period. Members Trust Co’s holdings in Oracle were worth $764,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after purchasing an additional 107,404 shares during the last quarter. Lockheed Martin Investment Management Co. grew its position in shares of Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider’s stock worth $7,179,000 after acquiring an additional 2,110 shares during the last quarter. Private Wealth Asset Management LLC grew its position in shares of Oracle by 9.2% during the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock worth $835,000 after acquiring an additional 321 shares during the last quarter. Cascade Investment Group Inc. bought a new position in shares of Oracle during the second quarter worth about $239,000. Finally, Lockerman Financial Group Inc. bought a new position in shares of Oracle during the second quarter worth about $328,000. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Performance
ORCL stock opened at $275.12 on Wednesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $784.31 billion, a P/E ratio of 63.69, a PEG ratio of 2.97 and a beta of 1.53. The company has a 50-day simple moving average of $272.62 and a 200 day simple moving average of $217.84.
Oracle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s dividend payout ratio is presently 46.30%.
Insider Buying and Selling
In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $288.91, for a total value of $641,958.02. Following the completion of the sale, the director directly owned 29,225 shares of the company’s stock, valued at approximately $8,443,394.75. This represents a 7.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stuart Levey sold 19,758 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the completion of the sale, the executive vice president directly owned 18,429 shares of the company’s stock, valued at $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,769 shares of company stock worth $36,428,967 in the last ninety days. Insiders own 40.90% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. Melius Research upped their price target on shares of Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Sanford C. Bernstein upped their price target on shares of Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Guggenheim upped their price target on shares of Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Robert W. Baird assumed coverage on shares of Oracle in a report on Wednesday, October 8th. They issued an “outperform” rating and a $365.00 price objective for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Oracle in a report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.
View Our Latest Stock 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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