Silver Oak Wealth Advisors Services LLC bought a new stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,206 shares of the enterprise software provider’s stock, valued at approximately $264,000.
Other large investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the 1st quarter worth about $27,000. Iron Horse Wealth Management LLC raised its stake in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after buying an additional 151 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in Oracle in the second quarter worth about $33,000. Legend Financial Advisors Inc. bought a new stake in Oracle during the 2nd quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC purchased a new position in shares of Oracle during the 2nd quarter worth approximately $38,000. Institutional investors own 42.44% of the company’s stock.
Oracle Price Performance
Shares of NYSE:ORCL opened at $272.81 on Thursday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The business has a fifty day moving average price of $273.18 and a 200-day moving average price of $218.22. The company has a market capitalization of $777.71 billion, a PE ratio of 63.15, a PEG ratio of 2.96 and a beta of 1.53.
Oracle Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is 46.30%.
Insider Activity at Oracle
In related news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $288.91, for a total transaction of $641,958.02. Following the sale, the director directly owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William G. Parrett sold 11,500 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $306.00, for a total value of $3,519,000.00. Following the sale, the director directly owned 17,764 shares in the company, valued at $5,435,784. This trade represents a 39.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,769 shares of company stock valued at $36,428,967 over the last three months. 40.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Baird R W upgraded Oracle to a “strong-buy” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $320.00 price objective on shares of Oracle in a report on Monday. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, September 10th. Berenberg Bank increased their price objective on Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a report on Monday, September 15th. Finally, Sanford C. Bernstein increased their price objective on Oracle from $363.00 to $364.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.69.
Check Out Our Latest Report on ORCL
Oracle Company 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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