Sage Capital Advisors llc Invests $5.79 Million in Oracle Corporation $ORCL

by · The Cerbat Gem

Sage Capital Advisors llc bought a new stake in shares of Oracle Corporation (NYSE:ORCL – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 26,497 shares of the enterprise software provider’s stock, valued at approximately $5,793,000. Oracle makes up approximately 1.4% of Sage Capital Advisors llc’s holdings, making the stock its 24th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. Barclays lifted their price objective on Oracle from $221.00 to $281.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 12th. Westpark Capital lifted their price objective on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Roth Capital reiterated a “hold” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Stifel Nicolaus lifted their target price on Oracle from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average target price of $296.84.

Read Our Latest Stock Report on Oracle

Oracle Stock Down 5.1%

Shares of NYSE ORCL opened at $292.07 on Friday. The company has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75. The business has a 50-day moving average of $244.69 and a two-hundred day moving average of $190.37. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72.

Oracle (NYSE:ORCL – Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.Oracle’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.7%. Oracle’s dividend payout ratio is currently 46.30%.

Insider Activity

In other Oracle news, EVP Maria Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction on Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 44,183 shares of company stock worth $10,353,198 over the last quarter. 42.20% of the stock is owned by insiders.

Oracle Profile

(Free Report)

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.

Further Reading

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