Bank of New Hampshire Reduces Holdings in Oracle Corporation $ORCL

Key Points

• Bank of New Hampshire has reduced its stake in Oracle Corporation by 48.6%, holding 10,806 shares worth about $2.36 million as of the end of Q2.
• Oracle announced a quarterly dividend of $0.50 per share, payable on October 23rd, with a dividend yield of 0.7% and a payout ratio of 46.30%.
• Analysts show varied sentiment towards Oracle; Wolfe Research raised its price target significantly from $300 to $400, while two analysts rated the stock as a Strong Buy, and the consensus rating is a Moderate Buy.

Bank of New Hampshire reduced its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 48.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,806 shares of the enterprise software provider's stock after selling 10,218 shares during the quarter. Bank of New Hampshire's holdings in Oracle were worth $2,363,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its position in Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after buying an additional 107,404 shares during the period. Lockheed Martin Investment Management Co. grew its position in shares of Oracle by 4.3% during the first quarter. Lockheed Martin Investment Management Co. now owns 51,350 shares of the enterprise software provider's stock worth $7,179,000 after acquiring an additional 2,110 shares during the last quarter. Strs Ohio acquired a new position in shares of Oracle in the 1st quarter valued at $108,572,000. CBM Financial LLC purchased a new stake in Oracle in the 1st quarter valued at $356,000. Finally, Paladin Wealth LLC purchased a new stake in Oracle in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 3.4%

Shares of ORCL stock opened at $302.10 on Tuesday. The business's fifty day moving average price is $246.08 and its 200 day moving average price is $191.63. 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. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.62. Oracle Corporation has a 1-year low of $118.86 and a 1-year 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 issued 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 is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ORCL shares. Sanford C. Bernstein restated an "outperform" rating on shares of Oracle in a research note on Thursday. Wolfe Research raised their price target on Oracle from $300.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, September 10th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Scotiabank reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, September 10th. Finally, DA Davidson upped their price target on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $303.44.

Insider Activity at Oracle

In other news, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the sale, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,183 shares of company stock worth $7,141,698 over the last three months. 42.20% of the stock is currently owned by company insiders.

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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