Paladin Wealth LLC Buys Shares of 931 Oracle Corporation $ORCL

Key Points

• Paladin Wealth LLC has acquired 931 shares of Oracle Corporation, valuing approximately $204,000, during the second quarter.
• Oracle is set to pay a quarterly dividend of $0.50 per share on October 23rd, representing an annualized dividend yield of 0.7%.
• Oracle's stock has shown significant interest from institutional investors, with notable increases in holdings from firms like Nuveen LLC and GAMMA Investing LLC, reflecting a broader trend of institutional support.

Paladin Wealth LLC acquired a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 931 shares of the enterprise software provider's stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. Nuveen LLC purchased a new position in shares of Oracle in the 1st quarter worth approximately $732,692,000. GAMMA Investing LLC grew its position in shares of Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after buying an additional 4,723,631 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 buying an additional 3,513,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 buying an additional 2,350,448 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Oracle by 79.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,638,951 shares of the enterprise software provider's stock worth $648,572,000 after buying an additional 2,049,687 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $292.07 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.33. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $345.72. The company has a 50 day simple moving average of $244.69 and a two-hundred day simple moving average of $190.68. The stock has a market cap of $829.98 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 3.16 and a beta of 1.46.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORCL. Mizuho lifted their price objective on shares of Oracle from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Scotiabank reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday. JMP Securities lifted their target price on shares of Oracle from $315.00 to $342.00 and gave the stock a "market outperform" rating in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $296.84.

Insider Buying and Selling at Oracle

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of Oracle stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the completion of the sale, the insider directly owned 99,212 shares in the company, valued at approximately $25,247,469.76. The trade was a 13.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,183 shares of company stock worth $10,353,198. Corporate insiders own 42.20% of the company's stock.

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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