Greenup Street Wealth Management LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 0.4% during the second quarter, HoldingsChannel reports. The fund owned 20,750 shares of the enterprise software provider’s stock after acquiring an additional 74 shares during the quarter. Oracle comprises 0.8% of Greenup Street Wealth Management LLC’s holdings, making the stock its 28th biggest position. Greenup Street Wealth Management LLC’s holdings in Oracle were worth $4,537,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider’s stock worth $22,498,982,000 after buying an additional 3,513,464 shares during the period. Northern Trust Corp grew its position in Oracle by 0.6% during the first quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider’s stock worth $2,760,048,000 after buying an additional 120,889 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Oracle by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider’s stock worth $1,941,195,000 after buying an additional 59,164 shares during the period. Amundi grew its position in Oracle by 3.3% during the first quarter. Amundi now owns 12,736,855 shares of the enterprise software provider’s stock worth $1,749,280,000 after buying an additional 409,691 shares during the period. Finally, Polen Capital Management LLC grew its position in Oracle by 17.6% during the first quarter. Polen Capital Management LLC now owns 12,609,101 shares of the enterprise software provider’s stock worth $1,762,878,000 after buying an additional 1,885,370 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Oracle Stock Performance
Shares of ORCL opened at $276.93 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. The company has a market capitalization of $789.47 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 3.14 and a beta of 1.53. The company’s 50 day simple moving average is $272.19 and its 200 day simple moving average is $217.44. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. Oracle’s dividend payout ratio (DPR) is currently 46.30%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on ORCL. Morgan Stanley upped their price target on shares of Oracle from $246.00 to $320.00 and gave the company an “equal weight” rating in a report on Tuesday, September 23rd. Cantor Fitzgerald upped their price target on shares of Oracle from $271.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. Berenberg Bank upped their price target on shares of Oracle from $202.00 to $306.00 and gave the company a “hold” rating in a report on Monday, September 15th. Citigroup reaffirmed a “buy” rating on shares of Oracle in a report on Friday, October 10th. Finally, Barclays upped 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. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.69.
Check Out Our Latest Report on ORCL
Insider Activity at Oracle
In other Oracle news, Director Naomi O. Seligman sold 2,222 shares of the stock in a transaction that occurred 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 transaction, the director owned 29,225 shares of the company’s stock, valued at $8,443,394.75. This trade represents a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Clayton M. Magouyrk sold 21,241 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $297.11, for a total transaction of $6,310,913.51. Following the transaction, the insider directly owned 78,000 shares in the company, valued at approximately $23,174,580. This represents a 21.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,769 shares of company stock valued at $36,428,967 over the last 90 days. 40.90% of the stock is currently owned by 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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