AlTi Global Inc. decreased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,518 shares of the enterprise software provider's stock after selling 2,199 shares during the period. AlTi Global Inc.'s holdings in Oracle were worth $14,893,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC bought a new stake in Oracle in the first quarter worth $27,000. Inlight Wealth Management LLC bought a new stake in Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC boosted its holdings in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC bought a new stake in Oracle in the fourth quarter worth $30,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle in the fourth quarter worth $36,000. 42.44% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Oracle
In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 owned 99,212 shares in the company, valued at approximately $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 444,183 shares of company stock valued at $86,521,198 over the last quarter. Company insiders own 42.20% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ORCL. Barclays reiterated an "overweight" rating and issued a $221.00 price objective (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. BMO Capital Markets lifted their price objective on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Mizuho lifted their price objective on Oracle from $245.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.04.
View Our Latest Stock Report on Oracle
Oracle Stock Performance
ORCL stock traded up $9.87 during trading on Friday, reaching $232.87. 15,362,371 shares of the stock were exchanged, compared to its average volume of 9,682,923. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The company has a market capitalization of $654.10 billion, a P/E ratio of 53.66, a price-to-earnings-growth ratio of 3.33 and a beta of 1.46. The stock has a 50 day simple moving average of $239.38 and a 200-day simple moving average of $186.62. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.
Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business earned $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.
Oracle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.9%. Oracle's dividend payout ratio (DPR) is 46.08%.
About Oracle
(
Free Report)
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.
Featured Articles
Before you consider Oracle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oracle wasn't on the list.
While Oracle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
