Arlington Trust Co LLC Lowers Holdings in Oracle Corporation $ORCL

Arlington Trust Co LLC lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,890 shares of the enterprise software provider's stock after selling 1,055 shares during the quarter. Arlington Trust Co LLC's holdings in Oracle were worth $1,944,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in Oracle in the fourth quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after buying an additional 151 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Up 3.4%

ORCL stock opened at $302.10 on Tuesday. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. The company's 50 day simple moving average is $246.08 and its 200-day simple moving average is $191.63. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The firm has a market capitalization of $858.48 billion, a PE ratio of 69.93, a P/E/G ratio of 3.16 and a beta of 1.46.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be given 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 (DPR) is presently 46.30%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Oracle from $195.00 to $310.00 and gave the stock a "neutral" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Sanford C. Bernstein reissued an "outperform" rating on shares of Oracle in a report on Thursday. Piper Sandler increased their target price on shares of Oracle from $270.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, BNP Paribas set a $377.00 price target on shares of Oracle in a research report on Wednesday, September 10th. Two research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $303.44.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead acquired 480 shares of Oracle stock in a transaction dated Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,183 shares of company stock valued at $7,141,698. 42.20% of the stock is owned by insiders.

About Oracle

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.

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Corporation (NYSE:ORCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.