Oracle Corporation $ORCL Shares Sold by Lingohr Asset Management GmbH

Key Points

• Lingohr Asset Management GmbH significantly reduced its stake in Oracle Corporation by 94.6%, selling over 53,000 shares in the second quarter, leaving them with 3,051 shares valued at approximately $667,000.
• Numerous analysts have raised their price targets for Oracle, with some reaching as high as $400.00, and the stock currently holds a consensus rating of "Moderate Buy."
• Oracle has declared a quarterly dividend of $0.50 per share, set to be paid on October 23rd, reflecting a yield of 0.7% and a payout ratio of 46.30%.

Lingohr Asset Management GmbH lowered its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 94.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,051 shares of the enterprise software provider's stock after selling 53,042 shares during the quarter. Lingohr Asset Management GmbH's holdings in Oracle were worth $667,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the 1st quarter worth $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ORCL shares. Piper Sandler upped their price objective on shares of Oracle from $270.00 to $330.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Mizuho increased their price target on shares of Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Barclays increased 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. Cantor Fitzgerald increased their price target on shares of Oracle from $271.00 to $400.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Finally, Evercore ISI increased their price target on shares of Oracle from $270.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, September 10th. Two 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 stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average price target of $296.84.

Insider Transactions at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael D. Sicilia sold 15,880 shares of Oracle 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 completion of the transaction, the insider directly owned 99,212 shares of the company's stock, valued at approximately $25,247,469.76. This represents a 13.80% decrease in their position. 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 three months. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

ORCL opened at $292.07 on Monday. The company's 50 day simple moving average is $244.69 and its 200 day simple moving average is $190.68. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.62 and a current ratio of 0.62. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock has a market capitalization of $829.98 billion, a PE ratio of 67.61, a P/E/G ratio of 3.16 and a beta of 1.46.

Oracle Dividend Announcement

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

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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