Czech National Bank Has $86.92 Million Holdings in Oracle Corporation $ORCL

Key Points

• The Czech National Bank increased its stake in Oracle Corporation by 6.7%, owning 397,563 shares worth approximately $86.92 million, making Oracle its 22nd biggest position.
• Oracle announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, scheduled to be paid on October 23rd.
• Analysts have raised their price targets for Oracle, with Guggenheim setting a target of $375 and Cantor Fitzgerald at $400, while the stock currently has a consensus rating of "Moderate Buy."

Czech National Bank lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 397,563 shares of the enterprise software provider's stock after buying an additional 24,961 shares during the period. Oracle comprises approximately 0.7% of Czech National Bank's investment portfolio, making the stock its 22nd biggest position. Czech National Bank's holdings in Oracle were worth $86,919,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ORCL. Brighton Jones LLC increased its holdings in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. Triglav Skladi D.O.O. acquired a new position in shares of Oracle during the fourth quarter worth $24,283,000. St. Clair Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth $283,000. Finally, Wexford Capital LP increased its holdings in Oracle by 70.0% in the fourth quarter. Wexford Capital LP now owns 3,268 shares of the enterprise software provider's stock valued at $545,000 after purchasing an additional 1,346 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of Oracle stock opened at $302.10 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. The business has a 50-day moving average price of $246.08 and a two-hundred day moving average price of $191.63. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The company has a market cap of $858.48 billion, a P/E ratio of 69.93, a PEG ratio of 3.16 and a beta of 1.46.

Oracle Dividend Announcement

The company also recently announced 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 is Thursday, October 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ORCL shares. Guggenheim increased their price objective on Oracle from $250.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Cantor Fitzgerald increased their price objective on Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Stifel Nicolaus increased their price objective on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada increased their price objective on Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $303.44.

Insider Transactions at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. This trade represents a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Rona Alison Fairhead bought 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 29,183 shares of company stock valued at $7,141,698. 42.20% of the stock is currently owned by corporate insiders.

Oracle Company 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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