Arvest Investments Inc. Purchases New Position in Oracle Corporation $ORCL

Key Points

• Arvest Investments Inc. has purchased a new stake in Oracle Corporation, acquiring 3,121 shares valued at approximately $682,000 in Q2.
• Institutional investors collectively own 42.44% of Oracle's stock, with several funds increasing their holdings significantly in recent quarters.
• The company recently declared a quarterly dividend of $0.50, representing an annualized dividend yield of 0.7%, set to be paid on October 23rd.

Arvest Investments Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,121 shares of the enterprise software provider's stock, valued at approximately $682,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ORCL. Brighton Jones LLC raised its holdings in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Oracle by 15.2% in the 4th quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider's stock valued at $113,199,000 after purchasing an additional 89,723 shares during the last quarter. Strive Asset Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at $1,151,000. Finally, Strategic Wealth Partners Ltd. increased its stake in Oracle by 31.9% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 66,481 shares of the enterprise software provider's stock worth $11,558,000 after buying an additional 16,078 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ORCL. Stifel Nicolaus boosted their target price on shares of Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Finally, UBS Group set a $300.00 price target on shares of Oracle in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average target price of $296.84.

Insider Buying and Selling

In related news, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 approximately $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,183 shares of company stock worth $10,353,198. Company insiders own 42.20% of the company's stock.

Oracle Trading Down 5.1%

Oracle stock opened at $292.07 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The firm has a 50-day moving average price of $244.69 and a two-hundred day moving average price of $190.68. The firm has a market capitalization of $829.98 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 3.16 and a beta of 1.46. 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. 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 dividend payout ratio is currently 46.30%.

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.

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