Perfromance Wealth Partners LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,727 shares of the enterprise software provider’s stock after acquiring an additional 518 shares during the period. Oracle makes up approximately 1.5% of Perfromance Wealth Partners LLC’s portfolio, making the stock its 13th largest position. Perfromance Wealth Partners LLC’s holdings in Oracle were worth $48,258,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Reyes Financial Architecture Inc. boosted its holdings in Oracle by 7.2% in the second 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 boosted its holdings in Oracle by 5.7% in the second 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 boosted its holdings in Oracle by 1.0% in the second 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. Davis Investment Partners LLC boosted its holdings in Oracle by 0.7% in the second quarter. Davis Investment Partners LLC now owns 6,930 shares of the enterprise software provider’s stock worth $1,517,000 after purchasing an additional 46 shares during the last quarter. Finally, Acropolis Investment Management LLC boosted its holdings in Oracle by 2.6% in the second quarter. Acropolis Investment Management LLC now owns 1,850 shares of the enterprise software provider’s stock worth $404,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.
Oracle Stock Up 5.2%
ORCL opened at $308.14 on Tuesday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm’s fifty day moving average is $267.80 and its 200 day moving average is $211.91. The stock has a market cap of $878.43 billion, a price-to-earnings ratio of 71.33, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. Oracle’s payout ratio is 46.30%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Redburn Partners set a $175.00 target price on shares of Oracle in a report on Thursday, September 25th. Guggenheim raised their target price on shares of Oracle from $250.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Morgan Stanley lifted their price target on shares of Oracle from $246.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 23rd. Mizuho lifted their price target on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Finally, BNP Paribas set a $377.00 price target on shares of Oracle in a research note on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $307.00.
Get Our Latest Analysis on ORCL
Insider Activity
In related news, insider Clayton M. Magouyrk sold 21,241 shares of Oracle stock in a transaction on Friday, September 12th. The shares were sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider owned 78,000 shares in the company, valued at approximately $23,174,580. The trade was a 21.40% 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 Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,314 shares of company stock worth $31,272,223 in the last quarter. Corporate 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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