NBC Securities Inc. Decreases Stake in Oracle Corporation $ORCL

Key Points

• NBC Securities Inc. has decreased its stake in Oracle Corporation by 18.9%, now holding 30,261 shares valued at approximately $6.6 million.
• Despite a stake reduction, several other institutional investors have increased their holdings in Oracle, with Brighton Jones LLC growing its stake by 189.3%.
• Oracle will pay a quarterly dividend of $0.50 per share, which translates to an annualized dividend yield of 0.7%, with a payout ratio of 46.30%.

NBC Securities Inc. reduced its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 18.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,261 shares of the enterprise software provider's stock after selling 7,034 shares during the period. Oracle makes up 0.5% of NBC Securities Inc.'s portfolio, making the stock its 20th largest holding. NBC Securities Inc.'s holdings in Oracle were worth $6,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Brighton Jones LLC raised its stake 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 acquiring an additional 100,494 shares during the period. Revolve Wealth Partners LLC lifted its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Oracle by 15.2% during the fourth quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider's stock valued at $113,199,000 after buying an additional 89,723 shares during the period. Strive Asset Management LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $1,151,000. Finally, Strategic Wealth Partners Ltd. raised its holdings in shares of Oracle by 31.9% in the fourth 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. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Down 5.1%

Oracle stock opened at $292.07 on Monday. The business has a fifty day moving average price of $244.69 and a 200-day moving average price of $190.68. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The stock 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. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. 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 is 46.30%.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on 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 transaction, the director 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 legal filing with the SEC, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock worth $10,353,198 over the last ninety days. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. TD Cowen upped their price objective on Oracle from $325.00 to $375.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Guggenheim raised their price target on shares of Oracle from $250.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, DA Davidson increased their price target on Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $296.84.

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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