Empower Advisory Group LLC increased its position in Oracle Corporation (NYSE:ORCL – Free Report) by 251.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,261 shares of the enterprise software provider’s stock after acquiring an additional 43,810 shares during the period. Empower Advisory Group LLC’s holdings in Oracle were worth $13,394,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Snider Financial Group lifted its holdings in shares of Oracle by 1.3% during the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock valued at $701,000 after purchasing an additional 40 shares in the last quarter. SNS Financial Group LLC increased its holdings in Oracle by 0.9% in the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock worth $1,070,000 after buying an additional 42 shares in the last quarter. Reyes Financial Architecture Inc. raised its position in Oracle by 7.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after buying an additional 43 shares during the last quarter. Creative Capital Management Investments LLC lifted its stake in Oracle by 5.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 798 shares of the enterprise software provider’s stock valued at $174,000 after acquiring an additional 43 shares during the period. Finally, MFA Wealth Services boosted its holdings in shares of Oracle by 1.0% during the 2nd quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock valued at $998,000 after acquiring an additional 43 shares during the last quarter. 42.44% of the stock is owned by institutional investors.
Oracle Price Performance
Shares of Oracle stock opened at $222.88 on Friday. The stock has a market cap of $635.37 billion, a P/E ratio of 51.59, a P/E/G ratio of 2.96 and a beta of 1.51. 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 stock’s fifty day moving average is $279.59 and its 200 day moving average is $233.78. Oracle Corporation has a one year low of $118.86 and a one year high of $345.72.
Oracle Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. Oracle’s dividend payout ratio (DPR) is presently 46.30%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Oracle from $360.00 to $400.00 and gave the company a “buy” rating in a report on Friday, October 17th. Redburn Partners set a $175.00 target price on shares of Oracle in a research report on Thursday, September 25th. DA Davidson boosted their target price on shares of Oracle from $220.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $320.00 price target on shares of Oracle in a report on Monday, October 20th. Finally, Cowen reaffirmed a “buy” rating on shares of Oracle in a report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.69.
Check Out Our Latest Stock Report on Oracle
Insider Activity at Oracle
In related news, EVP Stuart Levey sold 19,758 shares of Oracle stock in a transaction on 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 transaction, the executive vice president owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This represents a 24.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 204,254 shares of company stock worth $60,227,807 in the last 90 days. Insiders own 40.90% 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.
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