Oracle Corporation $ORCL Shares Purchased by Park Edge Advisors LLC

Key Points

• Park Edge Advisors LLC increased its stake in Oracle Corporation by 23.7% during the second quarter, owning 9,305 shares valued at approximately $2.03 million.
• Oracle Corporation announced a quarterly dividend of $0.50 per share, with the ex-dividend date set for October 9th, offering an annualized yield of 0.7%.
• Recent analyst upgrades set a new price target for Oracle, with Melius Research increasing it from $270 to $370 and others following suit, reflecting strong market confidence.

Park Edge Advisors LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 23.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,305 shares of the enterprise software provider's stock after acquiring an additional 1,785 shares during the quarter. Park Edge Advisors LLC's holdings in Oracle were worth $2,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Oracle by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 160,925,413 shares of the enterprise software provider's stock worth $22,498,982,000 after acquiring an additional 3,513,464 shares during the period. Northern Trust Corp boosted its holdings in Oracle by 0.6% in the 1st quarter. Northern Trust Corp now owns 19,741,423 shares of the enterprise software provider's stock worth $2,760,048,000 after acquiring an additional 120,889 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Oracle by 0.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,884,524 shares of the enterprise software provider's stock worth $1,941,195,000 after acquiring an additional 59,164 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Oracle by 20.5% in the 4th 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 acquiring an additional 2,350,448 shares during the period. Finally, Amundi boosted its holdings in Oracle by 3.3% in the 1st quarter. Amundi now owns 12,736,855 shares of the enterprise software provider's stock worth $1,749,280,000 after acquiring an additional 409,691 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle 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 value of $3,211,500.00. Following the sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Sicilia sold 15,880 shares of the 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 sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,183 shares of company stock valued at $10,353,198 over the last three months. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of ORCL opened at $292.07 on Friday. The business's fifty day moving average price is $244.69 and its 200 day moving average price is $190.50. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The stock has a market capitalization of $820.38 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 4.10 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 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio (DPR) is currently 46.30%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. Melius Research upped their price target on Oracle from $270.00 to $370.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday. Wolfe Research increased their target price on Oracle from $300.00 to $400.00 and gave the company an "outperform" rating in a research note on Wednesday. Jefferies Financial Group increased their target price on Oracle from $270.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, UBS Group set a $300.00 target price on Oracle in a research note on Wednesday. Two equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.84.

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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