Oracle Corporation $ORCL Shares Acquired by Avity Investment Management Inc.

Key Points

• Avity Investment Management Inc. increased its stake in Oracle Corporation by 117.8% during the 2nd quarter, acquiring an additional 29,310 shares worth approximately $11.8 million.
• Several major research firms have upgraded their price targets for Oracle, with JMP Securities raising it to $342.00 and BNP Paribas setting a target of $377.00.
• Oracle recently announced a quarterly dividend of $0.50 per share, representing an annual yield of 0.7%, to be paid on October 23rd.

Avity Investment Management Inc. lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 117.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,196 shares of the enterprise software provider's stock after buying an additional 29,310 shares during the quarter. Avity Investment Management Inc.'s holdings in Oracle were worth $11,849,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Oracle in the 4th quarter valued at $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORCL. JMP Securities increased their price objective on Oracle from $315.00 to $342.00 and gave the company a "market outperform" rating in a research note on Wednesday, September 10th. BNP Paribas set a $377.00 price objective on Oracle in a research note on Wednesday. CIBC reissued a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 price objective (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $296.84.

Oracle Stock Down 5.1%

Shares of NYSE:ORCL opened at $292.07 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The business has a fifty day moving average of $244.69 and a two-hundred day moving average of $190.68. The stock has a market cap of $829.98 billion, a P/E ratio of 67.61, a PEG ratio of 3.16 and a beta of 1.46. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $345.72.

Oracle Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio is presently 46.30%.

Insider Buying and Selling

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the 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 transaction, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,183 shares of company stock worth $10,353,198 over the last quarter. Corporate insiders own 42.20% of the company's stock.

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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