Next Level Private LLC Buys Shares of 1,046 Oracle Corporation $ORCL

Key Points

• Next Level Private LLC acquired a new stake in Oracle Corporation, purchasing 1,046 shares valued at approximately $229,000 during the second quarter.
• Oracle recently declared a quarterly dividend of $0.50 per share, amounting to an annualized dividend of $2.00 and a yield of 0.7%.
• Oracle's stock has received positive analyst ratings, with Bank of America upgrading it from "neutral" to "buy" and raising their price target to $368.00.

Next Level Private LLC purchased a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,046 shares of the enterprise software provider's stock, valued at approximately $229,000.

Several other hedge funds have also recently made changes to their positions in ORCL. Nuveen LLC purchased a new stake in Oracle during the 1st quarter valued at $732,692,000. GAMMA Investing LLC grew its holdings in shares of Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. Vanguard Group Inc. increased its position in Oracle by 2.2% during the first quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock valued at $22,498,982,000 after acquiring an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Oracle by 79.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after purchasing an additional 2,049,687 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading 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. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $345.72. The business has a 50 day simple moving average of $246.08 and a two-hundred day simple moving average of $191.63. The company has a market capitalization of $858.48 billion, a price-to-earnings ratio of 69.93, a PEG ratio of 3.16 and a beta of 1.46.

Oracle Announces Dividend

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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's payout ratio is currently 46.30%.

Analyst Ratings Changes

ORCL has been the topic of several recent research reports. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and increased their price target for the stock from $295.00 to $368.00 in a research report on Wednesday, September 10th. Loop Capital set a $135.00 target price on Oracle in a report on Tuesday, June 10th. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. upped their price target on Oracle from $185.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $303.44.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 3,303 shares of the business'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 sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. The trade was a 13.80% 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 in the last quarter. 42.20% of the stock is owned by company 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.

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