J. W. Coons Advisors LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL – Free Report) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,989 shares of the enterprise software provider’s stock after acquiring an additional 499 shares during the period. Oracle makes up approximately 1.6% of J. W. Coons Advisors LLC’s portfolio, making the stock its 12th biggest holding. J. W. Coons Advisors LLC’s holdings in Oracle were worth $6,994,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new position in Oracle during the second quarter worth $33,000. Legend Financial Advisors Inc. purchased a new stake in Oracle during the second quarter worth $34,000. HighMark Wealth Management LLC purchased a new stake in Oracle during the second quarter worth $38,000. Moser Wealth Advisors LLC boosted its position in Oracle by 1,770.0% during the second quarter. Moser Wealth Advisors LLC now owns 187 shares of the enterprise software provider’s stock worth $41,000 after purchasing an additional 177 shares in the last quarter. Finally, Orion Capital Management LLC boosted its position in Oracle by 32.2% during the second quarter. Orion Capital Management LLC now owns 193 shares of the enterprise software provider’s stock worth $42,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
Oracle Stock Performance
NYSE ORCL opened at $257.85 on Tuesday. The business’s 50-day moving average price is $278.42 and its 200 day moving average price is $227.98. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a market capitalization of $735.08 billion, a PE ratio of 59.69, a price-to-earnings-growth ratio of 2.96 and a beta of 1.53. 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 Dividend Announcement
The company 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. The ex-dividend date was Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.8%. Oracle’s dividend payout ratio is currently 46.30%.
Insider Activity at Oracle
In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the company’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 completion of the sale, the chief executive officer directly owned 154,030 shares in the company, valued at $42,610,859.20. This represents a 20.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total value of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares of the company’s stock, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 204,254 shares of company stock valued at $60,227,807 over the last three months. Insiders own 40.90% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on the company. Stifel Nicolaus boosted their target price on Oracle from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Robert W. Baird assumed coverage on Oracle in a research report on Wednesday, October 8th. They set an “outperform” rating and a $365.00 target price on the stock. Guggenheim boosted their target price on Oracle from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Cowen restated a “buy” rating on shares of Oracle in a research report on Friday, October 17th. Finally, Melius Research upped their price objective on Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.69.
Check Out Our Latest Analysis 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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