Oracle Corporation $ORCL Shares Acquired by Wealth Alliance Advisory Group LLC

Key Points

• Wealth Alliance Advisory Group LLC increased its stake in Oracle Corporation by 9.1%, acquiring an additional 1,746 shares and making Oracle its 26th biggest holding.
• Several brokerages have upgraded their price targets for Oracle, with Stifel Nicolaus raising its target from $250.00 to $350.00 and Evercore ISI increasing its target from $270.00 to $340.00.
• Oracle will pay a quarterly dividend of $0.50 per share on October 23rd, representing an annualized dividend of $2.00 and a yield of 0.7%.

Wealth Alliance Advisory Group LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,902 shares of the enterprise software provider's stock after acquiring an additional 1,746 shares during the period. Oracle makes up 0.9% of Wealth Alliance Advisory Group LLC's holdings, making the stock its 26th biggest holding. Wealth Alliance Advisory Group LLC's holdings in Oracle were worth $4,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in ORCL. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter valued at about $27,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle during the first quarter valued at about $28,000. Iron Horse Wealth Management LLC increased its position in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares during the last quarter. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ORCL. Stifel Nicolaus lifted their price objective on shares of Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Evercore ISI lifted their price objective on shares of Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Morgan Stanley lifted their price objective on shares of Oracle from $175.00 to $246.00 and gave the company an "equal weight" rating in a report on Monday, September 8th. Barclays lifted their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $296.84.

Oracle Trading Down 5.1%

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. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The stock has a market capitalization of $829.98 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 3.16 and a beta of 1.46. The firm has a 50 day moving average of $244.69 and a two-hundred day moving average of $190.68.

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 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 is Thursday, October 9th. Oracle's payout ratio is currently 46.30%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's 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 transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,183 shares of company stock worth $10,353,198. 42.20% of the stock is owned by 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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