1,364 Shares in Oracle Corporation $ORCL Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,364 shares of the enterprise software provider's stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in Oracle during the first quarter worth about $732,692,000. GAMMA Investing LLC boosted its stake in shares of Oracle by 15,012.3% during the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. Vanguard Group Inc. raised its stake in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Oracle by 20.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after purchasing an additional 2,350,448 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock valued at $648,572,000 after purchasing an additional 2,049,687 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In related news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,183 shares of company stock valued at $7,141,698 over the last three months. 42.20% of the stock is owned by insiders.

Oracle Price Performance

ORCL stock opened at $302.10 on Tuesday. The company has a market capitalization of $858.48 billion, a P/E ratio of 69.93, a PEG ratio of 3.16 and a beta of 1.46. The company has a fifty day moving average price of $246.08 and a 200-day moving average price of $191.63. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio is presently 46.30%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ORCL shares. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Wednesday, September 10th. Mizuho lifted their target price on Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. Morgan Stanley raised their price target on shares of Oracle from $175.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Monday, September 8th. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $303.44.

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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