Parkside Financial Bank & Trust grew its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,057 shares of the enterprise software provider’s stock after buying an additional 474 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Oracle were worth $4,822,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Snider Financial Group boosted its position in shares of Oracle by 1.3% in the second quarter. Snider Financial Group now owns 3,204 shares of the enterprise software provider’s stock worth $701,000 after buying an additional 40 shares during the period. SNS Financial Group LLC raised its holdings in shares of Oracle by 0.9% during the 2nd quarter. SNS Financial Group LLC now owns 4,896 shares of the enterprise software provider’s stock valued at $1,070,000 after buying an additional 42 shares during the period. Reyes Financial Architecture Inc. lifted its position 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 acquiring an additional 43 shares in the last quarter. Creative Capital Management Investments LLC lifted its position 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 acquiring an additional 43 shares in the last quarter. Finally, MFA Wealth Services boosted its holdings in Oracle by 1.0% in the 2nd quarter. MFA Wealth Services now owns 4,563 shares of the enterprise software provider’s stock worth $998,000 after acquiring an additional 43 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.
Oracle Stock Performance
ORCL stock opened at $239.15 on Friday. The stock’s 50 day simple moving average is $279.32 and its 200 day simple moving average is $229.88. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm has a market cap of $681.77 billion, a P/E ratio of 55.36, a P/E/G ratio of 2.96 and a beta of 1.51. 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 Announces Dividend
The firm 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 of this dividend was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s payout ratio is presently 46.30%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on ORCL shares. Barclays raised their price target on shares of Oracle from $367.00 to $400.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Rothschild Redb upgraded Oracle to a “strong sell” rating in a research note on Thursday, September 25th. Piper Sandler boosted their price target on Oracle from $330.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Bank of America raised Oracle from a “neutral” rating to a “buy” rating and increased their price target for the company from $295.00 to $368.00 in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.69.
View Our Latest Report on ORCL
Insider Activity at Oracle
In related news, Director Jeffrey Berg sold 49,365 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the transaction, the director owned 151,999 shares in the company, valued at $43,018,756.98. This represents a 24.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Clayton M. Magouyrk sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the sale, the chief executive officer owned 154,030 shares in the company, valued at $42,610,859.20. This trade represents a 20.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 204,254 shares of company stock worth $60,227,807 in the last ninety days. 40.90% of the stock is currently owned by corporate insiders.
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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