Oracle Corporation $ORCL Shares Purchased by Dover Advisors LLC

by · The Cerbat Gem

Dover Advisors LLC boosted its stake in Oracle Corporation (NYSE:ORCL – Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,644 shares of the enterprise software provider’s stock after buying an additional 139 shares during the quarter. Dover Advisors LLC’s holdings in Oracle were worth $2,108,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the first quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the fourth quarter worth $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 31,447 shares of the company’s stock, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,183 shares of company stock valued at $7,141,698. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ORCL. BMO Capital Markets set a $345.00 price target on shares of Oracle in a research report on Wednesday, September 10th. CIBC restated a “buy” rating on shares of Oracle in a report on Monday, June 9th. UBS Group set a $300.00 price target on Oracle in a research report on Wednesday, September 10th. Raymond James Financial reiterated a “strong-buy” rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Westpark Capital upped their target price on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.44.

Read Our Latest Research Report on ORCL

Oracle Stock Up 3.4%

Shares of NYSE:ORCL opened at $302.10 on Tuesday. The company has a market capitalization of $858.48 billion, a price-to-earnings ratio of 69.93, a PEG ratio of 3.16 and a beta of 1.46. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The business has a 50-day moving average price of $246.08 and a 200 day moving average price of $191.63. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle’s payout ratio is 46.30%.

About Oracle

(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.

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