Northstar Advisory Group LLC Raises Stock Position in Oracle Corporation $ORCL

Northstar Advisory Group LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,168 shares of the enterprise software provider's stock after purchasing an additional 828 shares during the period. Oracle accounts for about 1.9% of Northstar Advisory Group LLC's holdings, making the stock its 12th biggest holding. Northstar Advisory Group LLC's holdings in Oracle were worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC lifted its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new position in Oracle in the 4th quarter worth approximately $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on ORCL shares. Mizuho boosted their target price on shares of Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Berenberg Bank boosted their price objective on shares of Oracle from $202.00 to $306.00 and gave the stock a "hold" rating in a report on Monday. Westpark Capital raised their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. UBS Group set a $300.00 price target on Oracle in a research note on Wednesday, September 10th. Finally, Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Two equities 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 stock. According to MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $303.44.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rona Alison Fairhead bought 480 shares of the company's stock in a transaction on Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company's stock, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 29,183 shares of company stock valued at $7,141,698. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 3.4%

Shares of Oracle stock opened at $302.10 on Tuesday. The business has a 50-day moving average price of $246.08 and a 200 day moving average price of $191.63. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm has a market cap of $858.48 billion, a P/E ratio of 69.93, a P/E/G ratio of 3.16 and a beta of 1.46. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend 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%.

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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