Everpar Advisors LLC Acquires 186 Shares of Oracle Corporation $ORCL

Everpar Advisors LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL) by 1.6% in the second quarter, Holdings Channel.com reports. The fund owned 11,794 shares of the enterprise software provider’s stock after buying an additional 186 shares during the quarter. Oracle comprises about 1.2% of Everpar Advisors LLC’s portfolio, making the stock its 15th largest holding. Everpar Advisors LLC’s holdings in Oracle were worth $2,579,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the business. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC grew its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $36,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORCL. CIBC reissued a “buy” rating on shares of Oracle in a research note on Monday, June 9th. BMO Capital Markets set a $345.00 price target on Oracle in a research report on Wednesday, September 10th. Cantor Fitzgerald lifted their price objective on Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. UBS Group set a $300.00 price objective on shares of Oracle in a research note on Wednesday, September 10th. Finally, Citigroup reiterated an “outperform” rating on shares of Oracle in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $303.44.

Oracle Stock Up 3.4%

Shares of ORCL stock opened at $302.10 on Tuesday. The stock’s fifty day moving average price is $246.08 and its 200 day moving average price is $191.63. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a market cap of $858.48 billion, a price-to-earnings ratio of 69.93, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62.

Oracle Dividend Announcement

The business 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. The ex-dividend date is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle’s dividend payout ratio is 46.30%.

Insider Activity at Oracle

In related news, Director Rona Alison Fairhead purchased 480 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president owned 40,807 shares of the company’s stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,183 shares of company stock valued at $7,141,698. Company insiders own 42.20% of the company’s stock.

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.