Greenfield Savings Bank Has $1.99 Million Stock Position in Oracle Corporation $ORCL

Greenfield Savings Bank boosted its position in shares of Oracle Corporation (NYSE:ORCL) by 0.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,117 shares of the enterprise software provider’s stock after buying an additional 53 shares during the period. Greenfield Savings Bank’s holdings in Oracle were worth $1,993,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. bought a new position in shares of Oracle in the second quarter valued at approximately $209,000. Salem Investment Counselors Inc. increased its holdings in Oracle by 0.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 34,933 shares of the enterprise software provider’s stock valued at $7,637,000 after purchasing an additional 245 shares in the last quarter. Taylor & Morgan Wealth Management LLC bought a new position in Oracle in the 2nd quarter valued at $239,000. TruWealth Advisors LLC boosted its stake in Oracle by 14.0% in the second quarter. TruWealth Advisors LLC now owns 1,900 shares of the enterprise software provider’s stock worth $415,000 after purchasing an additional 234 shares in the last quarter. Finally, RB Capital Management LLC grew its holdings in shares of Oracle by 3.5% during the second quarter. RB Capital Management LLC now owns 6,382 shares of the enterprise software provider’s stock worth $1,395,000 after purchasing an additional 214 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 44,183 shares of company stock valued at $10,353,198. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Cowen upped their price target on shares of Oracle from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Capital reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. JMP Securities raised their price target on shares of Oracle from $315.00 to $342.00 and gave the company a “market outperform” rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of Oracle from $270.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus increased their price objective on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $296.84.

Oracle Price Performance

Shares of ORCL stock opened at $292.07 on Friday. The firm’s 50 day moving average price is $244.69 and its two-hundred day moving average price is $190.50. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72. The stock has a market cap of $820.38 billion, a PE ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.08% and a return on equity of 72.93%. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio is presently 46.30%.

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.