Oracle Corporation $ORCL Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its holdings in Oracle Corporation by 4.1%, owning 70,781 shares worth approximately $15.5 million after selling 3,059 shares in the second quarter.
• Oracle recently announced a $0.50 quarterly dividend to be paid on October 23rd, representing a 0.7% yield and an annualized amount of $2.00.
• Several brokerages have given Oracle a positive outlook, with target price increases leading to an average rating of "Moderate Buy" and an average target price of $296.84.

E. Ohman J or Asset Management AB reduced its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,781 shares of the enterprise software provider's stock after selling 3,059 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Oracle were worth $15,475,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Greenfield Savings Bank raised its stake in shares of Oracle by 0.6% during the second quarter. Greenfield Savings Bank now owns 9,117 shares of the enterprise software provider's stock valued at $1,993,000 after purchasing an additional 53 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in Oracle by 1.1% during the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock valued at $879,000 after buying an additional 68 shares during the period. Tacita Capital Inc raised its position in shares of Oracle by 6.0% during the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock worth $174,000 after buying an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC lifted its stake in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after acquiring an additional 71 shares during the period. Finally, Tiller Private Wealth Inc. boosted its holdings in shares of Oracle by 4.6% in the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In related news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,183 shares of company stock valued at $10,353,198 in the last ninety days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ORCL. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Cantor Fitzgerald boosted their price objective on Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. raised their target price on Oracle from $185.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Stifel Nicolaus lifted their target price on Oracle from $250.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Finally, Barclays upped their price target on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $296.84.

Oracle Stock Down 5.1%

Shares of NYSE:ORCL opened at $292.07 on Monday. The firm has a 50 day simple moving average of $244.69 and a 200 day simple moving average of $190.68. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap 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.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is 46.30%.

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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