Mayflower Financial Advisors LLC cut its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,173 shares of the enterprise software provider’s stock after selling 295 shares during the period. Mayflower Financial Advisors LLC’s holdings in Oracle were worth $1,568,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Reyes Financial Architecture Inc. raised its holdings in Oracle by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 643 shares of the enterprise software provider’s stock worth $141,000 after purchasing an additional 43 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings 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 worth $174,000 after purchasing an additional 43 shares during the last quarter. MFA Wealth Services raised its holdings in Oracle by 1.0% during the 2nd quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock worth $998,000 after purchasing an additional 43 shares during the last quarter. Bogart Wealth LLC raised its holdings in Oracle by 0.4% during the 2nd quarter. Bogart Wealth LLC now owns 11,465 shares of the enterprise software provider’s stock worth $2,507,000 after purchasing an additional 43 shares during the last quarter. Finally, Washington Trust Advisors Inc. raised its holdings in Oracle by 1.9% during the 2nd quarter. Washington Trust Advisors Inc. now owns 2,385 shares of the enterprise software provider’s stock worth $521,000 after purchasing an additional 44 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Stock Performance
Shares of ORCL stock opened at $280.85 on Wednesday. The firm has a market capitalization of $800.65 billion, a PE ratio of 65.01, a price-to-earnings-growth ratio of 3.02 and a beta of 1.53. The firm has a fifty day simple moving average of $276.17 and a two-hundred day simple moving average of $223.63. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72.
Oracle Dividend Announcement
The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, October 9th. Oracle’s payout ratio is 46.30%.
Analyst Ratings Changes
ORCL has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Melius Research raised their price target on shares of Oracle from $270.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. DA Davidson raised their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Wolfe Research raised their price target on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Finally, BMO Capital Markets set a $355.00 price objective on shares of Oracle and gave the company an “outperform” rating in a research note on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.69.
Read Our Latest Research Report on Oracle
Insider Buying and Selling at Oracle
In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the sale, the director owned 29,225 shares in the company, valued at approximately $8,443,394.75. The trade was a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stuart Levey sold 19,758 shares of the business’s 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 sale, the executive vice president owned 18,429 shares of the company’s stock, valued at $5,528,700. This trade represents a 51.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 170,769 shares of company stock worth $50,297,667 in the last ninety days. 40.90% of the stock is currently owned by corporate insiders.
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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