OMNI 360 Wealth Inc. Makes New $209,000 Investment in Oracle Corporation $ORCL

Key Points

• OMNI 360 Wealth Inc. made a new investment of $209,000 in Oracle Corporation ($ORCL) by acquiring 958 shares during the 2nd quarter.
• The recent quarterly dividend declared by Oracle will be $0.50 per share, paid to shareholders of record on October 9, 2023.
• Oracle's stock has shown significant institutional interest, with 42.44% of the stock currently owned by hedge funds and other institutional investors.

OMNI 360 Wealth Inc. acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 958 shares of the enterprise software provider's stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Oracle in the first quarter worth about $732,692,000. GAMMA Investing LLC increased its holdings in shares of Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after acquiring an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Oracle by 2.2% during the 1st 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Oracle by 20.5% during 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 worth $2,303,858,000 after purchasing an additional 2,350,448 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on 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 transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the transaction, the insider owned 99,212 shares in the company, valued at $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 sold a total of 44,183 shares of company stock valued at $10,353,198 in the last ninety days. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of NYSE:ORCL opened at $292.07 on Monday. The stock has a market cap 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 Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The stock's 50 day moving average price is $244.69 and its 200 day moving average price is $190.68.

Oracle Announces Dividend

The firm 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 of this dividend is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Roth Capital restated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Jefferies Financial Group increased their price target on Oracle from $270.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Finally, Citigroup reissued an "outperform" rating on shares of Oracle in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $296.84.

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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