Quintet Private Bank Europe S.A. Purchases 1,957 Shares of Oracle Corporation $ORCL

Quintet Private Bank Europe S.A. boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 7.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,908 shares of the enterprise software provider's stock after acquiring an additional 1,957 shares during the period. Quintet Private Bank Europe S.A.'s holdings in Oracle were worth $6,102,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter worth $30,000. Redmont Wealth Advisors LLC bought a new stake in Oracle in the 1st quarter worth $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter worth $28,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% in the 1st 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. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the 4th quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Stock Down 5.1%

NYSE:ORCL opened at $292.07 on Monday. 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 firm has a market cap of $829.98 billion, a P/E ratio of 67.61, a P/E/G ratio of 3.16 and a beta of 1.46. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The firm has a 50-day simple moving average of $244.69 and a two-hundred day simple moving average of $190.68.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued 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 payout ratio is 46.30%.

Wall Street Analyst Weigh In

Several research analysts have commented on ORCL shares. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. BMO Capital Markets set a $345.00 price objective on shares of Oracle in a report on Wednesday. Bank of America upgraded shares of Oracle from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $295.00 to $368.00 in a report on Wednesday, September 10th. Roth Capital restated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Cantor Fitzgerald upped their price objective on shares of Oracle from $271.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $296.84.

Insiders Place Their Bets

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rona Alison Fairhead bought 480 shares of the firm's stock in a transaction on Monday, July 7th. The stock was purchased at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 44,183 shares of company stock valued at $10,353,198. 42.20% of the stock is owned by company insiders.

Oracle 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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