Elyxium Wealth LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 8,920 shares of the enterprise software provider’s stock after acquiring an additional 563 shares during the quarter. Elyxium Wealth LLC’s holdings in Oracle were worth $1,950,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of ORCL. Nuveen LLC acquired a new stake in shares of Oracle during the first quarter worth $732,692,000. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 3,513,464 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Oracle during the second quarter worth about $731,512,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Oracle by 79.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider’s stock worth $648,572,000 after acquiring an additional 2,049,687 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Oracle by 840.7% during the second quarter. Assenagon Asset Management S.A. now owns 2,119,473 shares of the enterprise software provider’s stock worth $463,380,000 after acquiring an additional 1,894,157 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.
Oracle Stock Performance
Shares of ORCL opened at $257.85 on Tuesday. The firm has a 50-day moving average price of $278.42 and a 200 day moving average price of $227.98. The firm has a market capitalization of $735.08 billion, a PE ratio of 59.69, a P/E/G ratio of 2.96 and a beta of 1.53. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 52-week low of $118.86 and a 52-week 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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, October 9th. Oracle’s dividend payout ratio is presently 46.30%.
Insider Buying and Selling
In other Oracle news, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total value of $1,403,100.00. Following the completion of the sale, the executive vice president directly owned 47,083 shares of the company’s stock, valued at approximately $13,212,431.46. This represents a 9.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey Berg sold 49,365 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the sale, the director directly owned 151,999 shares of the company’s stock, valued at $43,018,756.98. This represents a 24.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 204,254 shares of company stock worth $60,227,807 in the last ninety days. Insiders own 40.90% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on ORCL shares. Guggenheim upped their price target on shares of Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Mizuho upped their price target on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. DA Davidson upped their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $310.00 price target on shares of Oracle in a research report on Friday, October 17th. Finally, Barclays increased their target price on shares of Oracle from $367.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.69.
Check Out Our Latest Report on Oracle
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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